WATCH: Anglo American shares slide on disappointing production figures
Logo of Anglo American is seen on a jacket of an employee of the Los Bronces copper mine, in the outskirts of Santiago
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JOHANNESBURG – Anglo American plc yesterday said that the drought in Chile had hurt copper production as it reported a decline in diamond production during the quarter ended December.
The group said rough diamond production fell 15percent to 7.8million carats driven by lower production levels in South Africa and Botswana.
WATCH:
It said South African diamond production fell 65percent to 400000 carats due to lower volumes of ore mined at Venetia, which was in the process of transitioning from open pit to an underground mine.
Source: iol.co.za