299
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
AFP
Published
May 10, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Anglo-American: iron ore production increases in the first quarter

By
AFP
Published
May 10, 2009

AFP - British mining group Anglo-American published a report on Thursday 30 April showing that iron ore is one of the only products for which production has increased in the first quarter, activity in general being strongly affected by the global slowdown.


Platinum mine in South Africa

Production of iron ore increased by 22% for the year to 9,992 million tones, though it decreased by 1% since December. Anglo-American indicated that this rise is chiefly due to the growing strength of its factory in Sishen, near Cape Town in South Africa.

The group has seen a drop in demand for almost all the rest of its products.

Among base metals, production of copper fell by 5.4% in the year (-12.2% since the end of December), nickel fell by 2.2% (-6.3% since the end of December), zinc was down 0.1% (-0.1%) and lead dropped by 14.6% (+1.4%).

For precious metals, production of refined platinum decreased by 5.8% (-52%) and palladium saw a drop of 4.5% (-47.9%).

Production of Eskom coal advanced by 0.9% compared to last year but fell by 10.9% in the quarter, thermal coal production decreased by 0.8% in the year and 9.6% in the quarter and the production of metallurgical coal was down 2.2% for the year and 31.4% in the quarter.

Diamond production tumbled 90.8% in the year and 90% in the quarter.

The group alluded to the reduction in demand dozens of times in its press release and recalled that they had taken “a series of measures in response to the current economic climate”, notably a capital increase of $1.7 billion, which has stirred up demand.

Also, in February the group launched a drastic restructuring plan, with plans to cut 19,000 jobs across the world and to suspend shareholder dividends until further notice.

Anglo-American has elsewhere been pulling out of non-strategic activities, particularly obvious with the sale of its residual stake in the gold producer AngloGold Ashanti, which, according to the press release, has brought $1.8 billion back into the group.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.