Anglo American 1Q Production Mixed, Lowers Fiscal Year Nickel Estimate
April 24 2017 - 2:48AM
Dow Jones News
By Rory Gallivan
LONDON--Mining giant Anglo American PLC (AAL.LN) reported Monday
higher production for commodities such as diamonds and coal for the
first quarter, but lowered its full-year nickel production estimate
as output of the metal declined.
Rough diamond production for the quarter ended March 31 rose by
8% from the same period last year to 7.4 million carats, while
export metallurgical coal production increased by 28% to 5.2
million tons.
Nickel production decreased by 12% to 9,900 tons due to
unplanned maintenance, the company said, adding that full-year
production guidance has been revised to between 43,000 and 45,000
tonnes from 45,000 tons previously.
Production guidance of other main commodities was left
unchanged.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
April 24, 2017 02:33 ET (06:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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