Sustainable Focus and Growth Outlook
Life extension capex
Major components of lifex ($bn)
Guidance
~0.6
(prev. ~0.7)
~0.7
(prev. ~0.8)
~0.7
(prev. ~0.6)
~0.5
Mototolo - Der Brochen (PGMs)
~0.1
~0.1
Approved
Kolomela (Iron Ore)
~0.2
~0.2
Venetia (Diamonds)
~0.2
~0.2
~0.3
~0.3
(prev. -0.3)
(prev. ~0.3)
2022F
2023F
2024F
Lifex projects - subject to disciplined capital allocation framework
2025F
(new)
Capex (pa)
Volume (pa)
From 1
LOM extension
Forecast Returns
IRR
Margin
Aquila (Steelmaking Coal)
Complete
~$0.1bn³
3.5Mt
2022
7 years³
>30%
>40%
Venetia Underground (Diamonds)
Approved
~$0.2-0.3bn
4Mct
2023
+24 years
>15%
>50%
Mototolo Der Brochen (PGMs)
Approved
~$0.1bn4
0.25Moz PGMs
2024
+30 years4
>25%
>35%
Kolomela (Iron Ore)
Approved
~$0.2bn
4Mt
2024
+3 years5
>20%
>35%
Jwaneng (Diamonds)
Approved
~$0.1bn6
9Mct6
2027
+9 years
>15%
>50%
1. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment and includes direct funding for capital expenditure from non-controlling interests. Shown
excluding capitalised operating cash flows. Guidance includes unapproved projects and is, therefore, subject to progress of project studies. 'From' column represents first production.
2. Per the Anglo American plc Ore Reserves and Mineral Resources Report 2021, the Reserve Life for Aquila is reported at 6 years, 7 years reflects the life of mine which considers the Inferred Mineral Resource in mine plan.
3. Lifex for Grasstree underground mine within Capcoal complex. Reflects attributable share of capex and production. Longwall production commenced in February 2022. Capex spend in 2022 was <$0.1bn.
4. Capex spend is over 6 years, with most of this capex in 2022-2024. Leverages the existing Mototolo infrastructure, enabling mining to extend into the Der Brochen Mineral Resource, which will potentially extend the LOM beyond 30 years.
5. This project adds three years to the life of mine (LOM), which is included in the disclosed 13 year LOM.
6. Attributable share of capex. 100% of production volumes. Capex spend <$0.1bn in certain years therefore not shown on graph above.
Anglo American
39View entire presentation