Future-Enabling Growth Strategy Update
Life extension capex
Major components of lifex' ($bn)
Guidance
~0.5
~0.7
~0.8
~0.6
~0.1
~0.1
~0.2
~0.2
Kolomela (Iron Ore)
~0.1
~0.1
Mototolo (PGMs)
Approved
Venetia (Diamonds)
~0.2
Approved
~0.3
~0.3
~0.3
Aquila (Met Coal)
~0.1
2021F
2022F
2023F
2024F
Lifex projects - subject to disciplined capital allocation framework
Capex (pa)
Volume (pa)
From 1
Forecast Returns
LOM extension
IRR
Margin
Venetia Underground (Diamonds)
Approved
~$0.2-0.4bn
5Mct
2023
+22 years
>15%
>50%
Aquila (Met Coal)
Approved
~$0.1bn
3.5Mt
2022
7 years²
>30%
>40%
Kolomela (Iron Ore)
Approved
~$0.2bn
4Mt
2024
+3 years³
>20%
>35%
Jwaneng (Diamonds)
Approved
~$0.1bn4
9Mct4
2027
+9 years
>15%
>50%
Mototolo Der Brochen (PGMs)
Approved
~$0.1bn5
0.25Moz PGMs
2023
+30 years5
>25%
>35%
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. Lifex for Grasstree underground mine within Capcoal complex. Per the Anglo American plc Ore Reserves and Mineral Resources Report 2020, 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. The three-year life extension was already reflected in the previously disclosed LOM of 12 years.
4. Attributable capex. Capex spend <$0.1bn in certain years therefore not shown on graph above. 100% of production volumes.
5. 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 life-of-mine beyond 30
years.
Anglo American
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