Mining giant Anglo American PLC (AAL.LN) reported Monday higher production for commodities such as diamonds and coal for the first quarter, but lowered its full-year nickel production estimate as output of the metal declined.
Rough diamond production for the quarter ended March 31 rose by 8% from the same period last year to 7.4 million carats, while export metallurgical coal production increased by 28% to 5.2 million tons.
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Nickel production decreased by 12% to 9,900 tons due to unplanned maintenance, the company said, adding that full-year production guidance has been revised to between 43,000 and 45,000 tonnes from 45,000 tons previously.
Production guidance of other main commodities was left unchanged.
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(END) Dow Jones Newswires
April 24, 2017 02:33 ET (06:33 GMT)