Anglo American Plc reports 4% decline in Q1 2020 production

Anglo American Plc (LON: AAL) has released its production report for the Q1 2020.

  • The company has reported a 4 per cent decline in production for the first quarter as compared to the same period of 2019, mainly led by the imposition of varying degrees of a lockdown or distancing measures in a number of its operating countries towards the end of the quarter.
  • The production decline was also impacted by the longwall moves in its Metallurgical Coal business, because of which Metallurgical coal production decreased by 8 per cent to 3.8 million tonnes.
  • The company also reported that during the reported period it completed $0.5 billion cash acquisition of Sirius Minerals Plc and its UK Woodsmith polyhalite project.
  • On 23rd April 2020, at the time of writing, GMT 09:02 AM, AAL shares were trading at GBX 1,369.00, up by 9.80 points or 0.72% against the previous day closing price.