Anglo American plc announced that it’s Production Report for the January to March quarter of 2009, which shows iron ore production during the period totalled 9.992 million tonnes an increase of 1.802 million or 22% from 8.190 million tonnes produced in the previous corresponding period.
The increase was mainly due to the additional production delivered by the Sishen Mine's jig plant, which continues to ramp up. The jig plant was introduced by Anglo American's South African iron ore mining subsidiary Kumba Iron Ore and can process contaminated ore into commercially valuable one. Kumba remains on schedule to achieve an annualized rate of 13 million tonnes per annum from the jig plant during the Q4 of 2009.
Finished product stockpiles have increased to 7.5 million tonnes due to domestic iron ore sales falling below contractual volumes and difficult export market conditions. Kumba continues to monitor stock levels and market developments and, should conditions deteriorate, production cuts will be considered.
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