Anglo American Expects to Deliver 20% to 25% Production Growth by 2023
December 10 2019 - 5:51AM
Dow Jones News
By Adriano Marchese
Anglo American PLC (AAL.LN) said Tuesday that it expects to
deliver 20% to 25% production growth by 2023, as it continues to
upgrade its asset portfolio over time.
The company said it continues to see progress on all fronts as
it brings a number of its growth projects online during the next
three years, contributing to its new production growth.
In 2019, the company said that total production volumes are
expected to increase again, while costs are expected to go down by
5%.
The FTSE 100-listed mining company said incremental annual
earnings before interest, taxes, depreciation and amortization is
expected to be within the target of $3 billion to $4 billion
between 2017 and 2022.
Looking forward to 2020, the company said it expects production
to increase by 3%, with cost inflation largely absorbed by
productivity and cost improvements.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 10, 2019 06:36 ET (11:36 GMT)
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