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Anglo says operational improvements drive output

Anglo says operational improvements drive output
FILE PHOTO: People walk past a board outside the Anglo American offices in Johannesburg, South Africa, January 8, 2013. REUTERS/Siphiwe Sibeko/File Photo/File Photo   -   Copyright  SIPHIWE SIBEKO(Reuters)
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LONDON (Reuters) – Anglo American <AAL.L> said on Thursday improved efficiency had driven a 7 percent increase in overall output for the fourth quarter of 2018 versus a year earlier, excluding the impact of a stoppage at the Minas-Rio iron ore project in Brazil.

Copper output rose 23 percent, while the De Beers diamond unit increased production by 12 percent and platinum and palladium rose 3 percent.

In December, Anglo said its annual production would rise more than previously expected and costs should be lower.

(Reporting by Barbara Lewis; Editing by Mark Potter)

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