Sustainable Focus and Growth Outlook
Capex guidance
Capex¹
$bn
~5.7
(prev. 6.1-6.6)
6.0-6.5
(prev. 6.0-6.5, which
excluded Woodsmith)
5.5-6.0
(prev. 5.6-6.1)
~0.8
5.0-5.5
~0.5
Woodsmith
(prev. ~0.6)
~0.7
(prev.1.2-1.7)3
~0.7
(prev. 1.5-2.0)3
SA RREE² &
~0.3
~0.7
Growth
~1.2
(prev. 1.0-1.5)
SA RREE2&
~0.3
nuGen™
~0.3
(prev.~0.2)
nuGen™
~0.3
~0.4
(prev.-0.5)
~0.7
~0.3
Collahuasi desal
~0.2
(prev. -0.4)
(prev. ~0.6)
~0.7
Lifex
~0.6
(prev. ~0.7)
~0.5
(prev. ~0.8)
Baseline
sustaining
~3.2
(prev.~3.4)
3.1-3.6
(prev.-3.5)
3.5-4.0
(prev.~3.3)
3.2-3.7
2022F
2023F
2024F
2025F
(new)
3.0-3.5
+ lifex
(prev. 3.0+lifex
2018 real basis)
Long-term
(2022 real)1
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. Consequently, for Quellaveco, growth capex reflects our attributable share. Collahuasi desalination capex shown includes related infrastructure. Guidance includes unapproved projects and is,
therefore, subject to progress of growth project studies and Woodsmith is excluded after 2023. Long-term sustaining capex guidance is shown on a 2022 real basis.
2. Southern Africa Regional Renewable Energy Ecosystem (SA RREE). SA RREE and nuGenTM programmes capex is subject to change as studies and execution plans progress.
3. Previous growth capex guidance included SA RREE and nuGenTM capex, which is now shown separately.
Anglo American
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