Anglo keeps most production targets after third-quarter dip

By Tanisha Heiberg | Reuters

Anglo American Plc AAL.L on Thursday kept most of its production targets, saying it was operating at about 95% of normal capacity as it posted a year-on-year fall in third-quarter output reflecting temporary shutdowns.

In the three months to September, overall production fell 3% with diamonds, platinum, iron ore and coal down, amid maintenance at its Minas-Rio iron ore mine in Brazil and the suspension of its Grosvenor metallurgical coal operations in Australia.

Copper and manganese production rose, it said.

Overall output increased 24% compared to the previous quarter, it said, as it recovers from a coronavirus-induced output slump…Full Story