Investor Presentaiton
Unit costs performance by Business
Copper (C1 USc/lb) 1
Nickel (C1 USc/lb)
PGMs (US$/PGM oz)²
179
154
~166
Chile:
~205c/lb
Peru:
-100c/lb
513
550
~560
937
993
~1,000
2022
H1 2023
2023F
De Beers (US$/ct)³
~75
59
63
2022
H12023
2023F
2022
H1 2023
2023F
2022
H12023
2023F
Iron Ore (FOB US$/t)4
Steelmaking Coal (US$/t)5
38
36
-39
Kumba:
-$43/t
Minas-Rio:
~$33/t
135
107
~105
2022
H12023
2023F
Spot (July) FX rates used for H2 2023F costs: ~18 ZAR:USD, ~1.5 AUD:USD, ~4.8 BRL:USD, ~800 CLP: USD, ~3.7 PEN:USD
Note: Unit costs exclude royalties, depreciation and include direct support costs only.
2022
H12023
2023F
1. The total copper unit cost is the weighted average of Copper Chile and Copper Peru based on actual production or the mid-point of production guidance. H1 2023 unit cost for Chile is 205c/lb and Peru is 132c/lb. 2023F unit cost guidance for Chile is c.205c/lb
and Peru is c.100c/lb.
2. Unit cost is per own mined 5E+gold PGMS metal in concentrate ounce.
3. Unit cost is based on De Beers' share of production. Step-up in 2023 unit cost is primarily driven by change in production mix, as Venetia transitions to underground operations and delivers a lower carat profile during ramp-up.
4. Wet basis. Total iron ore unit cost is the weighted average of Kumba and Minas-Rio based on actual production or the mid-point of production guidance. H1 2023 unit cost for Kumba is $39/t and for Minas-Rio is $32/t. 2023F unit cost guidance for Kumba is
c.$43/t and Minas-Rio is c.$33/t.
5. Steelmaking Coal FOB/t unit cost comprises managed operations and excludes royalties and study costs.
Anglo American
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