Anglo Boosts Diamond and Iron-Ore Production as Goals Kept
- Company trims its coking-coal target after Foxleigh mine sale
- Iron-ore production rises at Minas-Rio and Kumba operations
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Anglo American Plc said diamond production rose in the third quarter, as the industry continued to rebound. The company maintained full-year forecasts for most of the commodities it produces, while saying its Kolomela iron-ore mine will marginally exceed its goal.
Third-quarter output of the gems climbed 4 percent to 6.3 million carats from 6 million carats a year earlier, the London-based company said in a statement Tuesday. While the increased output reflects improved market conditions, Anglo remains cautious about the outlook, it said.