Anglo American Kumba iron ore production for Q2 CY19 witnessed fall of 9% due to unscheduled plant maintenance during the quarter. The output recorded at 10.5 MnT as against Q2 CY18 production at 11.6 MnT. The 2019 production guidance for Kumba iron ore mine reduced to 42-43 MnT which was previously 43-44 MnT.
However, on quarterly basis, the iron ore production picked up 11% due to subsequent improvement in plant stability as against Q1 CY19 at 9.5 MnT.
For H1 CY19, the total iron ore output recorded at 20.1 MnT, down 11% as against 22.4 MnT in H1 CY18.
Kumba iron ore exports up; domestic sales down in Q2 CY19
• The Kumba iron ore exports in Q2 CY’19 increased to 9.8 MnT as against 9.56 MnT in Q2 CY18. The exports were on higher side due to improved rail performance, partially offset by impact on shipments caused amid poor weather conditions in June. However on quarterly basis, exports fell against 10.13 MnT in Q1 CY19.
• The Kumba iron ore domestic sales dropped 8% to 0.72 MnT against 0.78 MnT in Q2 CY18.
Minas-Rio mine production up in Q2 CY19 amid ramp-up projects
Minas Rio mines, pellet production for the quarter witnessed at 5.9 MnT, up against 0.1 MnT in Q2 CY18 amid progression of ramp-up projects.
On quarterly basis too, production increased compared to Q1CY19 at 4.9 MnT. For H1 CY19, production recorded at 10.8 MnT , up significantly against 3.20 MnT in H1 CY18. The production surged in CY19 amid operation resumption at mine in Dec’18. The production at mine was suspended in Mar’18 following discovery of two leakage in iron ore pipeline from mine to Acu port.
Minas Rio pellet sales up sharply in Q2 CY19
Minas Rio pellet sales recorded at 6.59 MnT in Q2 CY19, up as compared to 0.32 MnT in Q2 CY18. The pellet sales has picked up in H1CY19 after being nil for H2 CY18, due to resumption at mine in Dec’18.
Anglo American: Key Updates
–Minas Rio pellet production guidance for 2019 increased to 19-21 MnT (wet MT basis) based on strong performance in H1 CY19. The miner’s previous guidance for the year stood at 18-20 MnT.
–In H1 CY19, the ratio of lump to fines in Kumba ore was 68:32
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