AngloAmerican Investor Update
Attractive greenfield and brownfield options
Growth capex¹ ($bn)
Long life greenfields and fast returning brownfields
Quellaveco (Copper)
Marine Namibia (Diamonds)
Collahuasi Phase 14 (Copper)
Sishen5 (Iron Ore)
Woodsmith (Crop Nutrients)
Mogalakwena expansion (PGMs)
Collahuasi Phase 2 (Copper)
Technology & innovation
Delivered
Delivered
Approved
Under
Review5
Approved
Ongoing
~2024
Ongoing
Capex
~$2.8bn²
$0.2bn³
~$0.3bn
~$0.2bn5
Volume (pa)
+300kt²
$0.2bn to $0.5bn pa7
+0.5Mct3
+50kt
From¹
2022
2022
2023
Payback
~20245
~4 years
~3 years
~4 years
Forecast Returns
IRR
~6 years5
>15%
>25%
~$1/t5 premium
& 3-4 year LOM5
Optimisation of development timeline and design ongoing
>30%
>30%5
Studies underway for next stage expansion; potential up to +100ktpa from 2028
Margin
>50%
>60%
>50%
Progressing the six workstreams for the Future of Mogalakwena to drive the best value outcome
>40%5
Multiple options - typically value accretive with sustainability benefits
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 growth project studies and Woodsmith is excluded after 2023. 'From' column represents first production.
2. Attributable share post syndication proceeds. 100% of production volumes; 60% attributable share of production: 180ktpa. Éxcludes the coarse particle recovery capex approved in February 2021.
3. Attributable share of capex. 100% of production volumes.
4. Attributable share of capex and production volumes. The 5th ball mill has been approved, other near-term initiatives (e.g. leaching) under phase 1 are under study.
5. This capex refers to the implementation of Ultra High Dense Media Separation (UHDMS) technology at Sishen. -$1/t premium applies to -50% of volumes. Due to additional complexities identified, the project has been delayed pending a further
review. Metrics are subject to the outcome of the review.
6. Capex spend for 2020-2023 is approved. Ongoing technical review confirmed there are several improvements to modify design to bring it up to Anglo American's safety and operating integrity standards and optimise value for the long term. Final
design engineering under way; capex & schedule then subject to Board approval.
7. Includes capex on SA RREE (Southern Africa Regional Renewable Energy Ecosystem) and nuGen™
Anglo American
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