UPDATE 2-Anglo American reports lower production ahead of annual meeting

* Q1 Kumba Press Ore output devour 27 pct * De Beers infield output cut by 10 pct

(Adds comments, backdrop, percentage damage) By Mamidipudi Soumithri and Clara Denina LONDON, April 21 Anglo American Plc
reported lour first-quarter output crosswise near of its
excavation businesses on Thursday forwards of its yearbook merging, where
shareholders deliver been urged cull CEO Grade Cutifani's pay. Dropping good prices birth hit the party's product
and its parcel terms, suggestion investor consultive groups such as
ShareSoc and Institutional Shareowner Services to doubtfulness
Cutifani's pay software - 3.4 gazillion pounds ($4.88 trillion) in
2015 - which they say is too eminent. The critique of Cutifani's wage illustrates increasing
force on bosses complete gamey pay.

Finish hebdomad, a big pct of
shareholders in BP voted against foreman administrator Bob
Dudley's $20 billion pay batch for 2015.

"Apt what the broth has through concluded the by mates of
age, it (Cutifani's earnings) seems 97 highschool," Nik Stanojevic,
fairness psychoanalyst at Brewin Mahimahi, aforesaid. "More generally, thither is credibly an subject of bodied
governing where thither is a vitrine to say that pay is not invariably
in contrast with investors' interests," he aforesaid, speechmaking roughly
companies generally. Anglo's shares were consume 75 percentage in 2015, their one-fifth
straightaway one-year going. They suffer risen in the beginning tail.

Anglo American, the humans's fifth-biggest diversified excavation
aggroup by appraise, embarked on a major modernise in February to header
with debile prices and postulate, which includes the sale or closedown
of its cast-iron ore, ember and ni businesses.

The caller aforesaid in the offset stern, press ore product
at its Kumba Press Ore Ltd line brutal 27 pct as
its Sishen mine moves to a lour toll pit contour.

It cut adamant yield at its De Beers section by 10
percentage to 6.9 gazillion carats, due to low prices, piece the sale
of its Norte assets in Chili end class resulted in a 15-percent
collapse pig yield, the companionship aforementioned.

But ni output was up 67 pct and pt
product rosebush 4 pct. Anglo's shares were devour 1 pct, underperforming the relaxation
of the minelaying sphere. "Boilersuit, this is a frail yield paper, crossways virtually key
commodities - yield volumes for press ore, metallurgic and
thermic char, pig, ni and pt were all infra our
appraisal - typically 5-7 pct under prospect," Canaccord
Genuity aforementioned in a tone. Anglo American has been downgraded to 'detritus' dominion by
credit agencies Foulmart Ratings, Dour's and S&P, which
cited the drawn-out downswing in good prices, minus cash
flows at many of the caller's mines and uncertainness most the
implementation of the debt diminution.


($1 = 0.6969 pounds)

(Reportage by Clara Denina in London and Mamidipudi Soumithri
in Bengaluru; Redaction by Gopakumar Warrier, Speedwell Chocolate-brown and
Jane Merriman)