Anglo American updates 2019-2021 iron ore production guidance
2019-11-13 14:05:37 [Print]
Anglo American plc provided updated 2019-2021 production guidance for its iron ore businesses, as well as a new guidance for 2022.
For Minas-Rio, Anglo American now forecasts fiscal 2019 iron ore production of about 23 million tonnes, compared to the prior range of 20 million to 22 million tonnes.
For fiscal 2020, Minas-Rio iron ore production is now forecast to be 22 million to 24 million tonnes, up from the prior range of 21 million to 23 million tonnes. For fiscal 2021, Minas-Rio iron ore production is now projected to be 24 million to 26 million tonnes, up from the prior range of 22 million to 24 million tonnes.
For Kumba Iron Ore, Anglo American maintains its 2019 production outlook at 42 million to 43 million tonnes. For both fiscal 2020 and 2021, the company updates its production outlook to a range of 43 million to 44 million tonnes from the prior range of 43 million to 45 million tonnes.
For Minas-Rio, Anglo American now forecasts fiscal 2019 iron ore production of about 23 million tonnes, compared to the prior range of 20 million to 22 million tonnes.
For fiscal 2020, Minas-Rio iron ore production is now forecast to be 22 million to 24 million tonnes, up from the prior range of 21 million to 23 million tonnes. For fiscal 2021, Minas-Rio iron ore production is now projected to be 24 million to 26 million tonnes, up from the prior range of 22 million to 24 million tonnes.
For Kumba Iron Ore, Anglo American maintains its 2019 production outlook at 42 million to 43 million tonnes. For both fiscal 2020 and 2021, the company updates its production outlook to a range of 43 million to 44 million tonnes from the prior range of 43 million to 45 million tonnes.
