Dow Jones Newswires: Anglo American sees 2022 production down 3%

United States

Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile and lower production from Kumba and platinum group metals.

Unit costs for the year were up around 16% and it AAL, -1.33% sees capex of around $ 5.7 billion after supply chain disruptions and foreign exchange.

For 2023, production is seen to increase 5% with capex forecast at $ 6.0 billion-$ 6.5 billion. In 2024, production is expected to increase 5%, with capex forecast at $ 5.5 billion-$ 6.0 billion

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