Anglo American said it has raised cost estimates for 2022 by 9%, reflecting stronger currencies in commodity-producing countries, inflationary pressures and lower output volumes.
The mining group has been hit by higher diesel prices, and has raised cost estimates for all major activities except diamonds.
In addition, the company downgraded estimates for production in 2022, for metals, iron ore and metallurgical coal.
In the first quarter, Anglo American said platinum production fell 6 percent to 956,000 ounces from a year earlier.
Iron ore production fell 19% to 13.2 million tonnes and copper production fell 13% to 140,000 tonnes.
Source: Capital
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