Anglo American PLC says coal production fell in first quarter and reduces its full-year output guidance

Overall, first-quarter production was at 95% of normal capacity partly due to COVID-19 constraints at some operations
Anglo American PLC (LON:AAL) said its coal production fell in the first quarter and reduced its full-year output guidance for both metallurgical and thermal coal.
Thermal coal production dropped 20% from the year-earlier quarter to 4.9 million tonnes (Mt), with guidance for the year cut to about 14 Mt, from about 24 Mt, reflecting the diversified miner’s plans to spin off its thermal coal operations in South Africa.
Overall, first-quarter production was at 95% of normal capacity, meeting strong customer demand despite some limited constraints at certain operations due to COVID-19, said the FTSE 100-listed miner.

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