Copper output rose by 2% to 170,000 tonnes on higher production at Anglo’s largest mine in Chile, Los Bronces.
Anglo expects copper output to reach between 650,000 tonnes and 680,000 tonnes this year. That compares with previous guidance of 640,000 to 680,000 tonnes.
Anglo tightened its yearly output targets for diamonds to 32-33 million carats from 32-34 million previously, and for platinum group metal concentrates to 4.2-4.4 million ounces, from 4.2-4.6 million previously.
Anglo’s shares were up 1.8% at 0715 GMT.
Iron ore and manganese output also rose, while coal and nickel production fell.
The miner tightened its yearly output targets for diamonds to 32-33 million carats from 32-34 million previously, and for platinum group metal concentrates to 4.2-4.4 million ounces, from 4.2-4.6 million previously.
“All things considered, Anglo appears to be operating relatively well,” Jefferies analysts said.
Metallurgical coal production fell by 25% in the second quarter to 3 million tonnes.
Anglo American restarted underground mining at its Moranbah North metallurgical coal mine in Australia in June after a shutdown due to elevated gas levels.
It said its Grosvenor coal mine, also in Australia and which was suspended after an explosion in May 2020, should restart at the end of this year.
The London-listed miner in June spun off its South African thermal coal business into a new company and agreed to sell its stake in Colombia’s Cerrejon, moving to complete its transition out of assets that mine the most polluting fossil fuel.
(Reporting by Clara Denina and Helen Reid, Editing by Mark Potter)
