By Matteo Castia
Anglo American PLC said Friday that it expects a reduction in iron-ore volume production and thermal-coal export due to the three-week lockdown imposed by the South African government in response to the spread of the coronavirus.
The South Africa-based mining multinational said that it estimates iron-ore 2020 production from its mine at Kumba to be lower by 2 million tons to 3 million tons, while thermal-coal export for the year is forecast to be reduced by 1.5 million tons to 2 million tons.
Anglo American has said in recent days that similar restrictions in the U.K. and Peru have slowed down its operations in those countries too.
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