Anglo American’s Kumba iron ore output falls 8% y-o-y in Q3CY’22

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Anglo American’s iron ore production stood at 9.98 mnt in Q3CY’22, down 8% y-o-y from 10.8 mnt in Q3CY’21, due to Eskom power outages.
However, production increased by 5% q-o-q as against 9.47 mnt in Q2CY’22.
Meanwhile, sales remained largely stable y-o-y at 9.98 mnt due to poor rail performance, which was offset by a drawdown of finished stocks at Saldanha port.

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