Anglo American retains 2020 iron ore output targets
Oct 22, 2020 18:00
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London-headquartered miner Anglo American is keeping its 2020 iron ore production guidance for its Minas-Rio operation in Brazil unchanged at 22-24 million wet tonnes and for that for its Kumba iron ore asset in South Africa also unchanged at 37-39 million tonnes, according to its latest quarterly report released on October 22.
However, the company still noted that all targets were “subject to the extent of further COVID 19-related disruptions”.
Over July-September, Kumba’s iron ore output recovered by 12% on quarter to around 9.5 million tonnes, though the volume was still 9% lower on year. The fall was “in response to both the