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Anglo American Q2 production falls 9%

It expects rough diamonds production for 2022 to be at 32-34 million carats amid strong demand.
Image: Alejandra Parra/Bloomberg

Global miner Anglo American on Thursday reported a 9% fall in second-quarter output on likely lower grades in copper and lack of water availability in Chile as well as planned maintenance at the Minas-Rio iron ore mine in Brazil.

AngloAmerican said it expects rough diamonds production for 2022 to be at 32-34 million carats amid strong demand, compared with a prior range of 30-33 million carats.

By lunch time the shares were down over 4% to R1 142 on Thursday.

Anglo American intraday share price

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