Unlocking Value and Performance Outlook
Capex guidance
Capex (now includes Woodsmith)1
$bn
Growth²
~1.4
(prev.-1.5)
~1.2
(prev.-1.8)
~1.3
(prev.-1.8)
~1.3
~0.4
~0.2
Collahuasi desal
~0.4
(prev. -0.3)
(prev. -0.3)
~0.7
Lifex
~0.6
~0.7
(prev. -0.5)
~0.5
Baseline sustaining
~3.4
~3.4
(prev. 3.5)
(prev. 3.5-4.0)
~3.5
(prev. 3.2-3.7)
~3.5
3.0-3.5
+ lifex
Totals
2023F
~5.8
(previously ~6.0,
incl. Woodsmith)
2024F
~5.7
(previously 6.3-6.8,
incl. Woodsmith)
2025F
~5.7
(previously 5.8-6.3,
incl. Woodsmith)
2026F
~5.3
нн
Long-term1
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. Collahuasi desalination capex
shown includes related infrastructure. Guidance includes unapproved projects and is, therefore, subject to the progress of project studies, and unapproved Woodsmith capex of -$1bn pa is included after 2024. Long-term sustaining capex guidance is shown on
a 2023 real basis.
2. Growth capex includes Woodsmith. 2023 and 2024 Woodsmith capex is approved. 2025 and 2026 includes indicative Woodsmith capex, subject to Board approval.
Anglo American
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