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Mining giant Anglo American seemingly managed to please the market with news most of its guidance for 2023 remains unchanged, while the JSE got its latest entrant with the secondary listing of healthcare-focused UK landlord Primary Health Properties.
Mining giant Anglo American on Wednesday kept its 2023 production guidance mostly unchanged, reporting that production in its third quarter to end-September was consistent overall with prior year, helped by its new copper mine in Peru. The open-pit Quellaveco mine in Peru helped production of the key transition metal jump 42% year on year, while diamond production fell 23% due to the group’s transition to underground mining at its Venetia mine in Limpopo. “Copper production from Chile decreased due to ongoing ore hardness and an electrical substation fire at Los Bronces, resulting in a minor revision to guidance for our Chile operations,” CEO Duncan Wanblad said in a statement. “We are on track to deliver our full-year guidance across all other products.” The group cut its guidance range for copper by about 1% to 6%, but its shares were up almost 2% in afternoon trade, having lost about 15% in the past 12 months.
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