Future-Enabling Growth Strategy Update
Production outlook - supplementary guidance
Copper²
Units
2019
2020
2021F
2022F
2023F
2024F (new)
Chile: 560-600
(prev. 580-640)
Chile: 590-650
Chile: 590-650
kt
638
647
650-660
Peru: 120-160
(prev. 100-150)
Peru: 320-370
(prev. 300-350)
Peru: 320-370
Platinum Group Metals - M&C by metal³
Moz
4.4
Pt: 1.8
Pd: 1.2
Other: 0.8
Pt: ~2.0
Pd: 1.35
Other: ~0.95
Pt: 1.9-2.1
Pd: 1.3-1.4
(prev. 1.4-1.5)
Other: 0.9-1.0
Pt: 1.9-2.1
Pd: 1.3-1.4
(prev. 1.4-1.5)
Other: 0.9-1.0
Pt: 1.9-2.1
Pd: 1.3-1.4
Other: 0.9-1.0
Platinum Group Metals - Refined
Moz
4.7
2.7
5.0-5.1
(prev. 4.8-5.0)
4.2-4.6
(prev. 4.7-5.1)
3.8-4.2
(prev. 4.2-4.6)
4.1-4.5
Iron ore (Kumba)8
Iron ore (Minas-Rio)⁹
Mt
43
38
~40.5
39-41
(prev. 41.5-42.5)
39-41
41-43
(prev. 41.5-42.5)
Mt
23
24
~23
(prev.~24)
24-26
25-27
26-28
All guidance subject to the extent of further Covid-19 related disruption.
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Production on a 100% basis except for the Gahcho Kué joint operation, which is on an attributable 51% basis, and is subject to trading conditions and ongoing operational challenges. Venetia continues to transition to underground operations
during 2022, with ramp-up expected from 2023.
Copper business unit only. On a contained-metal basis. Decrease in Chile production from 2022 driven by lower expected grades at Collahuasi and Los Bronces, and lower water availability at Los Bronces. Upgrade in Peru production.
5E+ gold produced metal in concentrate ounces. Includes own mined production (~65%) and purchased concentrate volumes (~35%).
Total iron ore is the sum of Kumba and Minas-Rio on a wet basis.
Excludes thermal coal production in Australia. Lower production in 2022 principally owing to a focus on safety and stable ramp-up of Grosvenor operations, following the suspension from May 2020. Decrease in 2023 guidance owing to
revised timing for the Moranbah-Grosvenor plant expansion project, which will be submitted for approval in 2023 with production benefits expected from ~2025.
Nickel business unit only. Decrease in 2022 driven by lower expected ore grades. 2023 volumes impacted by deferrals on bulk ore sorting technology and briquetting project.
5E+gold produced refined ounces. Includes own mined production and purchased concentrate volumes. Higher refined volumes in 2021 owing to the ACP outperformance and release of majority of the work-in-progress inventories from
FY2020.
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8.
Volumes are reported as wet metric tonnes (wmt). Product is shipped with -1.6% moisture. Subject to rail and port performance.
9.
Volumes are reported as wet metric tonnes (wmt). Product is shipped with -9% moisture. Pipeline inspections impact 2020 and 2023 volumes.
Anglo American
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