In 2018 one of the largest mining companies in the world, Anglo American has reduced the production of iron ore enterprises in South Africa compared to 2017 by 3 percent to 43,106 million tons, said the report.
At the same time in the 4th quarter the extraction of raw materials fell at an annual rate of 13% to 10,170 million tons, 3 quarter – 3%.
According to the report, this drop in production was expected because we had to unload overstocked warehouses at the mines, which was the result of a failure of the railway operator Transnet.
Therefore, the total output of the mines declined in favor of products with high added value. In the end, Sishen mine had reduced quarterly production at an annual rate of 11%, to 7 million tons, the Kolomela mine on 17%, to 3.2 million tonnes.
Quarterly exports of iron ore Anglo decreased by 6%, to 10.7 million tons, in connection with the reduction of loading in the port of Saldanha for a 6 week repair forklift Transnet, as well as temporary closure of export lines. At the same time, stocks of raw materials fell to 5.3 million tonnes as at 31 December 2018, compared to 6.6 million tons on 30 September 2018.
20 Dec resumed mining iron ore in Brazilian mine Minas-Rio, which was stopped in March 2018 and amounted to 227 thousand tons.
In General, for 2018 production has fallen by 80%, to 3,382 million tons of raw materials. Against this background, Anglo American predicts that the mining of iron ore in South Africa in 2019 will amount to 43-44 million tons, Minas-Rio is 18-20 million tonnes.
Exports of coking coal from Anglo deposits in Australia in 2018 increased by 11% to 21,830 million tons Forecast for 2019 production of Australian coking coal Anglo American is 22-24 million tonnes.