Anglo American PLC (LSE:AAL) reported mixed production results for the second quarter ended 30 June 2025, with copper and iron ore output in line with guidance while other segments saw notable declines.
Copper production fell 11% year-on-year to 173,000 tonnes, although it rose 3% versus the prior quarter due to improved performance at Collahuasi.
Iron ore production rose 2% to 15.9 million tonnes, helped by strong output from Minas-Rio.
Manganese ore production more than doubled, recovering from cyclone-related disruption. However, diamond output dropped 36%, and steelmaking coal production halved due to mine suspensions and asset sales.
"We continue to progress with our portfolio simplification as we reshape our business for the longer term – and our reorganisation and cost reduction programmes are on track," said chief executive Duncan Wanblad.
"Looking beyond this transitionary year, we will emerge as a highly differentiated, higher margin and more cash generative business."