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Kalkine Media ASX Share Market News & Research

Anglo American Plc reports 24% production increase for Q3 2020

October 22, 2020 11:18 AM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Anglo American Plc (LON:AAL) has released its production report for the third quarter ended 30 September 2020.

  • The company continued its strong operational recovery and posted a 24 per cent increase in production for the reported quarter as compared to the previous quarter.
  • Collahuasi copper operation in Chile continued to show strong performance with a 4 per cent increase in copper production. It also helped in mitigating the overall year-on-year production decrease to 3 per cent.
  • For De Beers, the rough diamond production decreased by 4 per cent to 7.2 million carats, primarily led by planned reductions in production to reflect the lower demand for rough diamonds.
  • On 22 October 2020, the stocks of the company were up by 1.42% from the previous closing, hovering at around GBX 1,978.20 at 09:38 AM GMT+1.

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