[Interpretation of the quarterly reports of overseas nickel companies] Anglo American: nickel production in the first quarter of 2022 is 13,900 tons

April 22, 2022

Latest company news about [Interpretation of the quarterly reports of overseas nickel companies] Anglo American: nickel production in the first quarter of 2022 is 13,900 tons

On April 21, Anglo American released a report on nickel production in the first quarter. In the first quarter, the company's two mining areas in South Africa and Brazil produced a total of 13,900 tons. Among them, the output of the Brazilian mining area was 9,300 tons, down 8% year-on-year and 12% month-on-month; the output of the South African mining area was 4,600 tons, down 4% year-on-year and 19% month-on-month. The full-year nickel production target for 2022 remains unchanged at 40,000-42,000 tons.

 

Brazil business:

 

Barro Alto's nickel mine production in the first quarter was 7,900 tons, down 4% year-on-year and 8% month-on-month.

 

Codemin's nickel mine production in the first quarter was 1,400 tons, a year-on-year decrease of 26% and a month-on-month decrease of 30%.

 

The reduction was mainly due to late 2021 license delays, heavy rains and unexpected maintenance at Codemin and lower ore grades.

 

South African business:

 

Refined nickel production at the Mogalakwena mine was 4,600 tonnes, down 4% year-on-year and 19% month-on-month. The production cuts are mainly due to load shedding at Eskom and related impacts from Covid-19.

 

The specific production and sales are shown in the table below:

 

[Interpretation of the quarterly reports of overseas nickel companies] Anglo American: nickel production in the first quarter of 2022 is 13,900 tons