By Christian Moess Laursen


Anglo American cut its coal-production target for the year after a fire incident at a major mine is set to suspend production for the rest of the year, while backing guidance for its key metals copper and iron ore.

The diversified mining major said Thursday that it dug out 6% less copper in the second quarter, with 196,000 metric tons versus 209,000 tons in the same period a year before, due to lower throughput and grades at key mines.

Anglo's iron-ore output was stable on quarter at 15.6 million tons, driven by a strong performance at its Minas-Rio mine in Brazil offsetting a planned decrease at its Kumba operations in South Africa.

The FTSE 100-listed miner backed guidance for both metals.

Earlier this month, Anglo's coal mine Grosvenor in Queensland, Australia, suffered an underground coal gas ignition incident. The company said Thursday that it has excluded the mine's output in its full-year forecast, now seeing 14 million-15.5 million tons instead of 15 million-17 million tons previously.


Write to Christian Moess Laursen at christian.moess@wsj.com


(END) Dow Jones Newswires

07-18-24 0235ET