Future-Enabling Growth Strategy Update
Breakdown of projects driving growth capex
Major components of growth capex ($bn)
Guidance
~1.2
1.0-1.5
1.2-1.7
1.5-2.0
+0.6 Woodsmith
+ 0.7 Woodsmith
Namibia (Diamonds)
~0.1
~0.22
~0.62
~0.1
~0.5
Mogalakwena
(PGMs)
Unapproved
Quellaveco (Copper)
~0.82
Approved
Sishen (Iron Ore)
~0.1
~0.4
~0.2
(Met Coal)
Moranbah-Grosvenor
Unapproved
~0.13
Collahuasi Phase 13
(Copper)
~0.1
~0.5
~0.5
Technology
~0.3
~0.3
& innovation
2021F
2022F
2023F
2024F
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. Consequently, for Quellaveco, reflects attributable share of capex, see appendix. Guidance includes unapproved projects and is, therefore, subject to progress of growth project studies and
Woodsmith is excluded after 2022.
2. This capex relates to Quellaveco, attributable share.
3. This capex relates to Collahuasi Phase 1 (Copper), attributable share. The -$0.1bn is the approved capex spend for the 5th ball mill only (first production expected in -2023), other near-term initiatives under phase 1 are under study.
Anglo American
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