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Anglo American Plc (AAL.L) Announced, in its production report for the first quarter ended 31 March 2019, that De Beers' diamond production decreased by 8% to 7.9 million carats driven by lower production at Venetia as it transitions from open pit to underground while the copper production increased by 4% to 161,100 tonnes due to strong plant performance and planned higher grades as well as platinum and palladium production decreased by 5%(2) to 471,900 ounces and by 6%(2) to 326,600 ounces, respectively, due to operational challenges as well as one-off benefits in Q1 2018. Moreover the company added that the Kumba's iron ore production decreased by 12% to 9.5 million tonnes due to plant maintenance and Minas-Rio's iron ore production increased by 61% as its ramp-up progresses well, facilitated by access to higher grade ore in the Step 3 licence area while Metallurgical coal production decreased by 25% to 4.2 million tonnes with two longwall moves in the period compared to only one in Q1 2018.
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