|
COPPER
Copper production decreased by 9% to 147,100 tonnes, largely due to an
expected reduction at Los Bronces, driven by the continued drought
conditions in central Chile, partially offset by continued strong
plant performance at Collahuasi.
Production from Los Bronces decreased by 25%, to 68,700 tonnes with a
42% reduction in plant throughput (7 million tonnes vs 12 million
tonnes) due to lower water availability, partially offset by planned
higher grades (1.0% vs 0.8%). Chile′s central zone continues to face
unprecedented climate conditions, with this drought being the longest
since records began.
At Collahuasi, attributable production increased by 16% to 66,500 tonnes
driven by higher plant throughput (14 million tonnes vs 13 million
tonnes) and higher copper recovery (89.1% vs 86.3%), due to plant
optimisations and improvements implemented during 2019, as well as
planned higher grades (1.20% vs 1.16%).
Full Year Guidance
Production guidance for the year is unchanged at 620,000-670,000,
subject to water availability and the extent of further COVID-19-related
disruptions.
Table 1: Copper
Production Overview
|
Copper (tonnes) |
Q1 2020 |
Q1 2019 |
Q1 2020 vs. Q1 2019 |
Q4 2019 |
Q1 2020 vs. Q4 2019 |
|
Los Bronces |
68700 |
91700 |
-25% |
71700 |
-4% |
|
Collahuasi (44% share) |
66500 |
57300 |
16% |
72200 |
-8% |
|
El Soldado |
11900 |
12100 |
-2% |
14900 |
-20% |
|
Total Copper |
147100 |
161100 |
-9% |
158800 |
-7% |
Table 2: Copper
Production by Mines
|
|
Q1 2020 |
Q4 2019 |
Q3 2019 |
Q2 2019 |
Q1 2019 |
Q1 2020 vs. Q1 2019 |
Q1 2020 vs. Q4 2019 |
|
Los Bronces mine |
|
|
|
|
|
|
|
|
Ore mined |
10013000 |
17373800 |
15560400 |
17302500 |
15678600 |
-36% |
-42% |
|
Ore processed - Sulphide |
7059500 |
7146800 |
10977200 |
11813600 |
12070800 |
-42% |
-1% |
|
Ore grade processed - Sulphide (% TCu) |
0.98 |
0.99 |
0.78 |
0.81 |
0.8 |
22% |
-1% |
|
Production - Copper cathode |
9900 |
10000 |
10100 |
9300 |
9600 |
3% |
-1% |
|
Production - Copper in concentrate |
58800 |
61700 |
70300 |
81900 |
82100 |
-28% |
-5% |
|
Total production |
68700 |
71700 |
80400 |
91200 |
91700 |
-25% |
-4% |
|
Collahuasi 100% basis (Anglo American share 44%) |
|
|
|
|
|
|
|
|
Ore mined |
19402000 |
22132200 |
25780000 |
23698300 |
15642800 |
24% |
-12% |
|
Ore processed - Sulphide |
14097800 |
14728700 |
14478700 |
11626100 |
13299600 |
6% |
-4% |
|
Ore grade processed - Sulphide (% Tcu |
1.2 |
1.25 |
1.14 |
1.21 |
1.16 |
4% |
-4% |
|
Production – Copper in concentrate |
151000 |
164200 |
146600 |
124400 |
130200 |
16% |
-8% |
|
Anglo American’s share of copper production for Collahuasi |
66500 |
72200 |
64500 |
54700 |
57300 |
16% |
-8% |
|
El Soldado mine |
|
|
|
|
|
|
|
|
Ore mined |
1915300 |
2721400 |
3299900 |
3017800 |
3089000 |
-38% |
-30% |
|
Ore processed – Sulphide |
1458900 |
1854900 |
1911700 |
1861900 |
1809900 |
-19% |
-21% |
|
Ore grade processed - Sulphide (% Tcu) |
1.02 |
1.02 |
0.92 |
0.92 |
0.84 |
21% |
0% |
|
Production – Copper in concentrate |
11900 |
14900 |
14000 |
13200 |
12100 |
-2% |
-20% |
|
Chagres Smelter |
|
|
|
|
|
|
|
|
Ore smelted |
30800 |
30800 |
28800 |
32100 |
30300 |
2% |
0% |
|
Production |
30000 |
29900 |
28000 |
31200 |
29500 |
2% |
0% |
|
Total copper production |
147100 |
158800 |
158900 |
159100 |
161100 |
-9% |
-7% |
|
Total payable copper production |
141700 |
153100 |
153000 |
153100 |
155000 |
-9% |
-7% |
|
Total sales volumes |
139600 |
176500 |
160000 |
165400 |
141900 |
-2% |
-21% |
|
Total payable sales volumes |
134300 |
170100 |
153800 |
159100 |
136500 |
-2% |
-21% |
|
Third party sales |
76300 |
115300 |
91600 |
88800 |
53400 |
43% |
-34% |
NICKEL
Nickel production increased by 11%, benefiting from improved operational
stability and the effect of a planned stoppage at Barro Alto that began
in late Q1 2019.
Full Year Guidance
Production guidance is unchanged at 42,000-44,000 tonnes, subject to the
extent of further COVID-19-related disruptions.
Table 3: Nickel Production Overview
|
Nickel (tonnes) |
Q1 2020 |
Q1 2019 |
Q1 2020 vs. Q1 2019 |
Q4 2019 |
Q1 2020 vs. Q4 2019 |
|
Nickel |
10900 |
9800 |
11% |
11700 |
-7% |
Table 4: Nickel Production by Mines
|
|
Q1 2020 |
Q4 2019 |
Q3 2019 |
Q2 2019 |
Q1 2019 |
Q1 2020 vs. Q1 2019 |
Q1 2020 vs. Q4 2019 |
|
Barro Alto |
|
|
|
|
|
|
|
|
Ore mined |
318000 |
623300 |
1198800 |
1365400 |
888000 |
-64% |
-49% |
|
Ore processed |
610100 |
609200 |
612000 |
519000 |
525400 |
16% |
0% |
|
Ore grade processed - %Ni |
1.57 |
1.73 |
1.66 |
1.67 |
1.67 |
-6% |
-9% |
|
Production |
8700 |
9500 |
9200 |
7600 |
7700 |
13% |
-8% |
|
Codemin |
|
|
|
|
|
|
|
|
Ore mined |
— |
— |
1300 |
39000 |
— |
n/a |
n/a |
|
Ore processed |
145800 |
141600 |
140200 |
148900 |
139900 |
4% |
3% |
|
Ore grade processed - %Ni |
1.62 |
1.68 |
1.69 |
1.62 |
1.62 |
0% |
-4% |
|
Production |
2200 |
2200 |
2100 |
2300 |
2100 |
5% |
0% |
|
Total Nickel production |
10900 |
11700 |
11300 |
9800 |
9800 |
11% |
-7% |
|
Sales volumes |
10600 |
12500 |
10600 |
8800 |
9800 |
8% |
-15% |
Source:
Anglo American |
