Investor Presentaiton
Production outlook - supplementary guidance
Copper¹
Units
2020
2021
2022
H1 2023
2023F
2024F
2025F
Chile: 562
Chile: 249
Chile: 530-580
Chile: 550-600
Chile: 530-580
kt
647
647
Peru: 102
Peru: 138
Peru: 310-350
Peru: 360-400
Peru: 310-350
Platinum Group Metals - M&C by
metal³
Moz
Pt: 1.8
Pd: 1.2
Other: 0.8
Pt: 2.0
Pd: 1.4
Other: 0.9
Pt: 1.9
Pd: 1.2
Other: 0.9
Pt: 0.8
Pd: 0.6
Other: 0.4
Pt: 1.6-1.8
Pd: 1.2-1.3
Other: 0.8-0.9
Pt: 1.6-1.8
Pd: 1.2-1.3
Other: 0.8-0.9
Platinum Group Metals -
Refined7
Moz
Iron Ore (Kumba)³
Iron Ore (Minas-Rio)⁹
2.7
5.1
3.8
1.7
3.6-4.0
3.6-4.0
Pt: 1.6-1.8
Pd: 1.1-1.2
Other: 0.8-0.9
3.3-3.7
Mt
38
41
38
19
35-37
37-39
39-41
Mt
24
23
22
12
22-24
24-26
25-27
1. Copper business only. On a contained-metal basis. Total copper is the sum of Chile and Peru. Production guidance in Chile is subject to water availability.
2. Nickel operations in Brazil only. The Group also produces approximately 20 kt of nickel on an annual basis as a co-product from the PGM operations. Nickel production is impacted by declining grades. Bulk ore sorting unit benefits 2024, and 2025 is impacted by
a maintenance shutdown.
3. 5E+ gold PGMs produced metal in concentrate (M&C) ounces. Includes own mined production (-65%) and purchased concentrate (POC) volumes (-35%). Metal in concentrate production is impacted by lower grade and recoveries at Mogalakwena, planned
infrastructure closures and lower volumes from Amandelbult. Kroondal switches to a tolling arrangement upon our exit from the operation, expected in 2024. Lower volumes in 2025 reflect the transition of the Siyanda POC agreement to tolling.
4. 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. Venetia continues to transition to underground operations - with first production recently achieved.
5. Total iron ore is the sum of Kumba and Minas-Rio on wet basis.
6. Production excludes thermal coal by-product.
7. 5E+ gold produced refined ounces. Includes own mined production and POC volumes. Kroondal switches to a tolling arrangement upon our exit from the operation, expected in 2024. Lower volumes in 2025 reflect the transition of the Siyanda POC agreement to
tolling. Subject to the impact of Eskom load-curtailment.
8. Volumes are reported as wet metric tonnes (wmt). Product is shipped with -1.6% moisture. Production in 2023 is impacted by high levels of on-mine inventory and 2024 is subject to finalisation of UHDMS plant review. Subject to the third-party rail and port
performance.
9. Volumes are reported as wet metric tonnes (wmt). Product is shipped with -9% moisture. Pipeline inspections impact 2020 and 2025 volumes.
Anglo American
38View entire presentation