Wow, it is Anglo day. All the past and present companies out with production reports and quarterly updates. Anglo first quarter production report, iron ore production up 23 percent, refined platinum up 11 percent, Metallurgical coal production increased by 32 percent.
This part is quite interesting: Refined production increased by 11% to 446,700 ounces. Processing performance was in line with expectations during the quarter, with the planned Polokwane Smelter furnace re-build completed successfully, ahead of schedule. Anglo Platinum continues to target full year production of 2.5 million ounces of refined platinum and retains the flexibility to increase that level to meet market demand. They have the flexibility to increase, should they see increased demand. Which means that they do see demand increasing.