In mid-February, the company restarted operations at the Grosvenor mine and Aquila life-extension project, Anglo American said.

Grosvenor mine in Australia has had operations stopped, due to a gas incident, since 2020 and the new Aquila mine extended Anglo American's existing Capcoal underground operations by seven years.

At the same time, a fatal underground accident in late March halted operations at its Moranbah mine in Central Queensland, Australia, the company said.

Consequently, Anglo American has reduced its 2022 full year met goal guidance to 17 million-19 million mt from 20 million-22 million mt previously.

The updated guidance takes into account operational interruptions associated with the coronavirus pandemic and the schedule for resume mining operations in Moranbah longwall, according to the company.

Iron ore

In its Q1 results, the company reported a 19% year-on-year decline in its iron ore output to 13.2 million mt, which it said was impacted by heavy rainfall and plant problems affecting Kumba and Minas-Rio.

As a result of the production impact, Anglo American updated its full-year 2022 guidance to 60 million-64 million mt of iron ore, versus the previous 63 million-67 million mt.

Kumba mine situated in South Africa, and Minas-Rio mining operations based in Brazil.

FOB Kumba and Minas-Rio iron ore in Q1 were priced at $169/wmt and $166/wmt, respectively, it said.

Nonferrous

Anglo American produced 140,000 mt of copper in Q1, a year on year decrease of 13%, mainly due to planned lower grades, according to its data.

Its data showed the company's Q1 nickel production was 93,000 mt, down 8% year on year, and manganese ore output was 804,000 mt, down 11% year on year.

Anglo American had Q1 realized prices of 462 cents/lb for copper (up 10% year on year) and $1.085/lb for nickel (up 45% year on year).