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[Ferro-Alloys.com] Anglo American: Manganese Ore Production Report for the second quarter ended 30 June 2025

Duncan Wanblad, CEO of Anglo American, said: "I am pleased to report another solid quarter in Copper and Iron Ore, with both businesses tracking to guidance. 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.

"We continue to progress with our portfolio simplification as we reshape our business for the longer term - and our reorganisation and cost reduction programmes are on track. 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. In Steelmaking Coal, good progress has been made at Moranbah following the event on 31 March, with a full restart expected in due course. On this basis, we continue to believe that this event does not constitute a material adverse change under our agreements with Peabody.

"Looking beyond this transitionary year, we will emerge as a highly differentiated, higher margin and more cash generative business setting us up to deliver the outstanding potential of our world class assets and resource endowments."

Q2 2025 overview

Manganese

1. Anglo American’s 40% attributable share of saleable production and sales. Q1 2025 reported production and sales have been restated from the Q1 2025 production report to reflect the accounting basis for the South African operations.

Manganese ore production increased by 109% to 745,600 tonnes, primarily due to the resumption of mining activities at the Australian operations following the damage caused by a tropical cyclone in March 2024. Export sales resumed progressively from the second half of May.

(1)  Anglo American’s 40% attributable share of saleable production and sales. Q1 2025 reported production and sales have been restated from the Q1 2025 production report to reflect the accounting basis for the South African operations.

• [Editor:tianyawei]