Anglo American has delivered a steady second quarter for 2025, with solid production from its copper and iron ore divisions, while progressing with a major business restructure.
“I am pleased to report another solid quarter in copper and iron ore, with both businesses tracking to guidance,” Anglo American chief executive officer Duncan Wanblad said.
“In copper, we benefited from strong performance at both Quellaveco and Los Bronces, while Collahuasi improved from its first quarter. In iron ore, our focus on operational excellence is also continuing to drive the right results with another excellent quarter of delivery from both Minas-Rio and Kumba.”
Copper production for the quarter reached 173,300 tonnes. While this represents an 11 per cent year-on-year decrease due to planned lower output in Chile, production was up three per cent quarter-on-quarter thanks to stronger output from Collahuasi and higher plant throughput at Quellaveco in Peru.
Iron ore production rose by two per cent to 15.9 million tonnes, driven primarily by a strong quarter at Minas-Rio. Manganese ore production more than doubled to 745,600 tonnes, reflecting the resumption of mining in Australia following cyclone-related disruptions earlier in the year.
This comes as Anglo American continues its portfolio simplification strategy.
“We continue to progress with our portfolio simplification as we reshape our business for the longer term – and our reorganisation and cost reduction programs are on track,” Wanblad said.
“The demerger of Valterra Platinum at the end of May has been a great success with considerable value unlocked for shareholders, and we are continuing to progress the nickel and steelmaking coal transactions.”
“A formal process for the sale of De Beers is advancing, despite the current challenging market conditions. Looking beyond this transitionary year, we will emerge as a highly differentiated, higher margin and more cash generative business.”
