[Ferro-Alloys.com]  Anglo American Manganese Ore Production Report Q2 2026

Duncan Wanblad, CEO of Anglo American, said: "We have delivered another strong quarter across both Copper and Premium Iron Ore, with performance tracking well to plan. In Copper, both Collahuasi and Quellaveco increased production from the first quarter, while the restart of the second plant at Los Bronces continues to provide incremental profitable production. In Premium Iron Ore, Kumba and Minas-Rio maintained stable operational performances. As the conflict in the Middle East continues to cause global market volatility, we are beginning to see some inflationary pressures primarily through higher fuel and other mining consumables. Our supply chain is actively managing these input costs and we have benefited from strong by-product credits in Copper in the first half of the year. This and strong cost control has driven a reduction in our unit cost guidance for Copper Chile to c.210 c/lb (previously c.230 c/lb) and Copper Peru to c.65 c/lb (previously c.100 c/lb).

"Our portfolio optimisation gained further momentum during the quarter. In May we announced an agreement to sell our Steelmaking Coal business in Australia to Dhilmar for up to $3.875 billion in cash, with completion expected by the first quarter of 2027. We are also progressing the sale process for De Beers, while concurrently advancing streamlining opportunities to improve cost performance and reduce capital expenditure to minimise the impact from challenging diamond markets. For the agreed sale of our Nickel business, we are continuing to work through the European Commission's anti-trust approval process.

"Our merger with Teck is on track to form a copper-focused global metals and minerals champion, with the expected completion window of September 2026 to March 2027 unchanged. We continue to progress towards completion, with anti-trust approval from China the final outstanding regulatory milestone. While both companies will operate entirely separately until completion, integration planning is well advanced, focused on ensuring that once the transaction closes we will be well positioned to begin the work to realise the material value and synergies we have identified from Anglo Teck."

Q2 2026 overview

Manganese ore production increased by 22% to 908,300 tonnes, reflecting higher operating levels following the impacts of a tropical cyclone in Australia which affected the comparative period.

Manganese

(1) Anglo American's 40% attributable share of saleable production and sales.

Manganese ore production increased by 22% to 908,300 tonnes, reflecting higher operating levels at the Australian operations following the impacts of tropical cyclone Megan in March 2024 which affected the comparative period. While production in the current quarter was initially impacted by adverse weather conditions in Australia as well as mining and equipment constraints in South Africa, successful execution of a recovery plan improved performance through the quarter, partially offsetting these challenges.

• [Editor:tianyawei]