Investor Presentaiton
Life extension capex
Major components of lifex¹ ($bn)
Guidance
~0.7
~0.8
~0.6
Mototolo - Der Brochen (PGMs)
~0.1
Kolomela (Iron Ore)
~0.2
~0.2
Approved
~0.1
Venetia (Diamonds)
~0.3
~0.3
~0.3
2022F
2023F
2024F
Lifex projects - subject to disciplined capital allocation framework
Capex (pa)
Volume (pa)
From 1
Forecast Returns
LOM extension
IRR
Margin
Aquila² (Steelmaking Coal)
Venetia Underground (Diamonds)
Mototolo
- Der Brochen (PGMs)
Kolomela (Iron Ore)
1111
Complete
~$0.1bn³
3.5Mt
2022
7 years³
>30%
>40%
Approved
~$0.2-0.3bn
4Mct
2023
+24 years
>15%
>50%
Approved
~$0.1bn4
0.25Moz PGMs
2023
+30 years4
>25%
>35%
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. Remaining capex spend in 2022 is <$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
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