Anglo American's iron ore production increased by 15% to 16.9 million tonnes, due to a 22% increase at Minas-Rio and an 11% increase at Kumba.

Kumba - Total production increased by 11% to 10.8 million tonnes, due to an increase at Sishen of 14% to 7.5 million tonnes and 6% at Kolomela to 3.3 million tonnes. The increase reflects improved processing plant availability and reliability.

Total sales of 10.0 million tonnes(1) decreased by 10% due to unplanned maintenance and weather-related delays at the Saldanha port.

Year to date, Kumba product iron (Fe) content averaged 64.1% (YTD Q3 2020: 64.3%), while the average lump:fines ratio was 69:31 (YTD Q3 2020: 67:33).

The year to date average realised price of $181/tonne (FOB South Africa, wet basis) was higher than the 62% Fe benchmark price of $154/tonne (FOB South Africa, adjusted for freight and moisture) due to the lump and Fe content quality premiums that the Kumba products attract, partially offset by the timing on provisionally priced volumes.

Minas-Rio - Production increased by 22% to 6.1 million tonnes reflecting the planned stoppage in Q3 2020, when routine internal scanning of the pipeline was carried out.

The year to date average realised price of $167/tonne (FOB Brazil, wet basis) was higher than the Metal Bulletin 66 price of $159/tonne (FOB Brazil, adjusted for freight and moisture), reflecting the premium quality of the product, including higher (~67%) Fe content, partially offset by the timing on provisionally priced volumes.

Full Year Guidance

Production guidance (wet basis) is tightened to ~64.5 million tonnes (previously 64.5 - 66.5 million tonnes) (Kumba ~40.5 million tonnes (previously 40.5 - 41.5 million tonnes) owing to rail in South Africa performing below planned levels; Minas- Rio ~24 million tonnes (previously 24 - 25 million tonnes) owing to lower plant availability). Both are subject to the extent of further Covid-19 related disruption and Kumba is subject to rail performance.