Production Report for the six months ended 30 June
2012
Highlights:
¡
Newly commissioned expansions and improved productivity
delivered stronger second quarter production in coal, copper, nickel, zinc and
lead compared to the first quarter
¡
Total mined copper production, up by 7% quarter-on-quarter,
included volumes from the Antamina expansion which successfully commissioned in
March. We continue our transition to new mines and expansions that herald the
start of increased copper production from the second half of 2012
¡
Thermal coal volumes increased across all our regions,
Australia, South Africa and Colombia, benefiting from new mines and improved
productivity at existing operations compared to the same period in
2011
¡
Mined nickel and ferro-nickel production rose by 5%
compared to first half of 2011, following improved volumes and higher grades at
our Canadian operations and a full six-month contribution from the Falcondo
ferronickel operation
¡ A total of ten major
approved growth projects will reach commissioning in 2012: Antamina (already
commissioned), Antapaccay, Lomas Bayas, Mount Margaret (copper), Ravensworth
North and Ulan open cut (coal), Koniambo (nickel), Tswelopele (ferrochrome
pelletising plant) and Lady Loretta and George Fisher (zinc). The commissioning
of tier one growth projects will reduce overall operating costs and improve the
quality and robustness of our portfolio throughout the commodity cycle.
No comments:
Post a Comment