The Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile and lower production from Kumba and platinum group metals. Read More...
Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile and lower production from Kumba and platinum group metals.
Unit costs for the year were up around 16% and it AAL, -1.42% sees capex of around $5.7 billion after supply chain disruptions and foreign exchange.
For 2023, production is seen to increase 5% with capex forecast at $6.0 billion-$6.5 billion. In 2024, production is expected to increase 5%, with capex forecast at $5.5 billion-$6.0 billion
Write to Kyle Morris at [email protected]
