AngloAmerican Results Presentation Deck
Attractive greenfield and brownfield options
Growth capex¹ ($bn)
Long life greenfields and fast returning brownfields
Quellaveco (Copper)
Collahuasi 5th Ball Mill (Copper)
Sishen (Iron Ore)
Woodsmith (Crop Nutrients)5
Mogalakwena expansion (PGMs)
Collahuasi debottlenecking
(Copper)
Collahuasi expansion (Copper)
Technology & innovation
Delivered
0000000
Approved
Under
Review4
2023 capex
approved5
Ongoing
-2023
-2027
Ongoing
Capex
~$2.8bn²
~$0.1bn³
Volume (pa)
+300kt²
+15kt3
$0.2bn to $0.5bn pa7
From¹
2022
2023
Payback
~4 years
~3 years
Project plan under review
Forecast Returns
IRR
>15%
Optimisation of development timeline and design ongoing
>30%
Studies under way for next stage expansion; potential up to +100ktpa³ from ~2030
Progressing the six workstreams for the Future of Mogalakwena to drive the best value outcome
Margin
Debottlenecking studies in progress; implementation between 2025-2028, potential for ~20-50ktpa³
2. Attributable share post syndication proceeds. 100% of production volumes on Cu Eq basis; 60% attributable share: 180ktpa. Excludes the coarse particle recovery capex approved in February 2021.
3. Attributable share of capex and production volumes (44% share).
>50%
6. Previously these initiatives were included in Collahuasi Phase 1, which is now split between the 5th Ball Mill and debottlenecking initiatives (e.g. leaching) which are under study.
7. Also includes capex on Regional Renewable Energy Ecosystem in South Africa (RREE), which includes the Group's proportionate share of capex incurred by Envusa Energy.
Anglo American
>70%
Multiple options - typically value accretive with 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 the progress of project studies, and unapproved Woodsmith capex of ~$1bn pa is excluded after 2023. 'From' column represents
first production.
4. This refers to the implementation of Ultra High Dense Media Separation (UHDMS) technology at Sishen. Due to additional complexities identified, the project has been delayed pending a further review.
5. Capex spend for 2020-2023 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.
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