Anglo CEO warns extreme weather threatens global mine supplies

9th February 2023

By: Bloomberg


Font size: - +

Anglo American warned that global commodity supplies will remain vulnerable to severe disruptions, including from extreme weather that’s having a growing impact on operations around the world.

The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability. Those setbacks are exacerbating already tight supplies in several metals and minerals, at a time when demand in top consumer China is expected to rebound as the country emerges from Covid-19 lockdowns.

Anglo last year warned that output in 2023 and 2024 would be lower than previously expected. While the company wasn’t alone — other big producers also had operational disappointments last year — the setbacks marred new chief executive officer Duncan Wanblad’s first year in charge.

Anglo believes it can get back to more consistent operations, but the industry as a whole faces challenges going forward, the CEO said in an interview in Cape Town on Monday.

“The effects of climate change are very real and we are seeing it,” Wanblad said. “There were weather impacts on operations, pretty much all over the globe, and I think that will continue to happen.”

Edited by Bloomberg


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?