Investor Presentaiton
Attractive greenfield and brownfield options
Growth capex¹ ($bn)
Long life greenfields and fast returning brownfields
Capex
Volume (pa)
From¹
Payback
Forecast Returns
IRR
Margin
Quellaveco (Copper)
Delivered
~$2.8bn²
+300kt²
2022
~4 years
>15%
>50%
Marine Namibia (Diamonds)
Delivered
$0.2bn³
+0.5Mct³
2022
~3 years
>25%
>60%
Sishen (Iron Ore)
Approved
~$0.2bn
~$1/t4 premium
2023
& 3-4 year LOM
~6 years
>30%
>40%
Collahuasi Phase 15 (Copper)
Approved
~$0.3bn
+50kt
2023
~4 years
>30%
>50%
Woodsmith (Crop Nutrients)6
Approved
Mogalakwena expansion (PGMs)
Ongoing
Optimisation of development timeline and design ongoing
Progressing the six workstreams for the Future of Mogalakwena to drive the best value outcome
Moranbah-Grosvenor
(Steelmaking Coal)
-2023
~$0.3bn
+2.5Mt7
2025
~5 years
>15%
>50%
Collahuasi Phase 2 (Copper)
~2024
Studies underway for next stage expansion; potential up to +100ktpa from 2028
Technology & innovation
Ongoing
$0.2bn to $0.5bn pa
Multiple options - rapid payback, high profitability, sustainability benefits
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 growth project studies and Woodsmith is excluded after 2022. 'From' column represents first production.
2. Attributable share post syndication proceeds. Excludes the impact of potential additional Covid-19 disruption. 100% of production volumes; 60% attributable share of production: 180ktpa.
3. Attributable share of capex. 100% of production volumes.
4. This capex refers to the implementation of Ultra High Dense Media Separation (UHDMS) technology at Sishen. -$1/t premium applies to -50% of volumes.
5. Attributable share of capex and production volumes. The 5th ball mill has been approved, other near-term initiatives (e.g. leaching) under phase 1 are under study.
6. Capex spend for 2020, 2021 and 2022 is approved. Ongoing technical review confirmed there are several improvements to modify design to bring it up to Anglo American's safety and operating integrity standards and optimise value for the long
term. Final design engineering under way; capex & schedule then subject to Board approval.
7. Attributable share of capex and production volumes. Moranbah-Grosvenor complex processing capacity increases by +3.5Mtpa ROM. This is equivalent to +2.5Mtpa saleable production, our attributable share. Dependent on progress of longwall
operations post-restart of Grosvenor mine.
Anglo American
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