Second-quarter platinum production at Anglo American was up 60 percent year-on-year thanks to a normalisation of operations after last year’s strikes, it said.
Production in the second quarter of 572,000 ounces of of equivalent refined platinum was up from 358,000 ouces in the same period last year and 536,000 ounces in the first quarter of 2015. The figures were broadly in line with the firm’s expectations, it said in a statement.
For the first half of the year, Anglo produced 1,108,000 ounces of equivalent refined platinum against 715,000 ounces in the same period last year, a 55-percent increase.
The company – the world’s largest platinum producer – attributed the increases to the absence of industrial action this year after five months of strikes last year.
In the second quarter of 2014, Anglo American lost 229,000 ounces of output because of the strikes and a further 16,000 ounces during the ramp-up of operations after settlement of the strike on June 24, it said.
As part of the continuing optimisation of the Union mine, production was 16,000 ounces lower in the second quarter of 2015 following the closure of the mine declines towards the end of 2014.
Mogalakwena production increased five percent to 101,000 ounces while Rustenburg production rose to 108,000 ounces from 13,000 ounces.
In other metals, production of refined palladium increased 32 percent year-on-year to 388,000 ounces, which was also up 11 percent from the first quarter. Rhodium production climbed 58 percent year-on-year to 77,000 ounces, also up 18 percent from the first quarter.
(Editing by Mark Shaw)
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