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Wednesday, April 27, 2011

Anglo American coking coal production update

Wednesday, 27 Apr 2011

Metallurgical Coal


Q1 2011 Q1 2010 Changes
Production


Export metallurgical 2,0563,282-37%
Thermal 3,0023,350-10%

(In '000 tonne)

Weighted average achieved FOB prices


Q1 2011 Q1 2010 Changes
Export metallurgical 21013160%
Export thermal 1027929%
Domestic thermal 353113%

(In USD per tonne)


Q1 2011 Q1 2010 Changes
Export metallurgical 2,0563,257-37%
Export thermal 9471,317-28%
Domestic thermal 1,8921,949-3%

(In '000 tonne)

Anglo American production of metallurgical coal decreased by 37% to 2.1 million tonne due to the record rainfall and subsequent flooding events experienced at the Queensland operations in late 2010 and during the first quarter.

Production of thermal coal from mines in Australia was also impacted by the adverse weather conditions and decreased by 10%.

All operations are producing again with a ramp-up to full production expected in the second quarter. A number of initiatives are in progress for the remainder of 2011 to mitigate the production shortfall from Q1.

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