Mining Business Overview
LIFE EXTENSIONS WILL DELIVER VALUE;
HIGHER NEAR-TERM SUSTAINING CAPEX
Sustaining capex¹:
2020
~$2.6bn
helped by deferrals & favourable Fx
2021
2022
2023
~$3.7bn ~$4.2bn
~$4.2bn ~$4.1bn
deferrals from 2020, lifex & Fx
Lifex projects - subject to disciplined capital allocation framework
Long-term
~$3.0bn
+ lifex
Venetia Underground (Diamonds)
~$0.2-0.4bn pa
5 Mctpa
from 2023
+22 years
>15% IRR
>50% margin
Aquila² (Met Coal)
~$0.1bn pa
3.5 Mtpa
from 2022
+6 years
>30% IRR
>40% margin
Kolomela (Kumba Iron Ore)
-$0.2bn pa
4 Mtpa
from 2024
+3 years³ >25% IRR
>35% margin
Jwaneng (Diamonds)
~$0.1bn pa
9 Mctpa
from 2027
+7 years
>15% IRR
>50% margin
1.
2.
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 and reimbursement of capital expenditure. Long-term sustaining capex excludes Woodsmith.
Lifex for Grasstree underground mine within Capcoal complex.
3.
The three year life extension was already reflected in the previously disclosed LOM of 13 years.
⑩AngloAmerican
32
32View entire presentation