AngloAmerican Results Presentation Deck
2021 simplified earnings by BU - notes
PGMs basket price
Own mined
PGMs basket
Platinum
Palladium
Rhodium
Iridium, ruthenium & gold
Base metals & other27
Total revenue
PGM volume4
Realised
price
3.
4.
Volume Revenue
$1,088/oz 1,546koz $1,682m
$2,432/oz 1,200koz $2,918m
$19,517/oz 208koz $4,060m
488koz $555m
$470m
$9,685m
3,442koz
$2,814/oz
Iron Ore realised price
Market price28
Freight
Moisture content2⁹
Lump premium8
Fe premium
Product premium
Realised FOB price
Total iron ore
Own mined sales volumes including proportionate share of joint operation volumes. PGM
ounces are reported on a 5E+Au basis.
5. Excludes thermal coal sales.
Basket price (per PGM oz)13
1. Wet basis. Weighted average of Kumba and Minas-Rio.
2. Manganese ($315m), Crop Nutrients ($(41)m), Exploration ($(128)m), unallocated Corporate
costs ($(63)m), Thermal Coal - South Africa ($101m) and Thermal Coal - Cerrejón ($87m)).
Proportionate share of sales volumes (19.2% Botswana, 50% Namibia): 14.4Mct.
$169/t $160/t $185/t
$(24)/t $(21)/t
$(29)/t
$(14)/t
$(7)/t $(3)/t
$16/t
$10/t
14. Realised price adjusted to include Jellinbah. Unit cost is for managed operations only.
15. Royalties for Copper Chile are recorded in the income tax expense line, after EBITDA.
Anglo American
$5/t
$157/t
13. Price for basket of own mined product per 5E+Au PGM oz. Higher than usual reflecting the
strong realised price for rhodium, particularly in the first half of the year. See PGMs basket price
table above.
$4/t
Kumba Minas-Rio
$6/t
$3/t
$161/t
$3/t
$5/t
$150/t
Met Coal blended price
HCC
PCI
Weighted average metallurgical coal
Market price Volume
$226/t 10.8Mt
$164/t 3.3Mt
$211/t 14.1Mt
6. LME price, c/lb converted to $/tonne (2,204.62 lbs/tonne).
7. Weighted average of HCC/PCI prices, FOB Aus. See Met Coal blended price table above.
8. Kumba: 64.1% Fe content, ~69% of volume attracting lump premium; Minas-Rio: 67% Fe
content, pellet feed. Including product premium. See Iron Ore realised price table above.
9. Sales volumes ~76% HCC, averaging 93% realisation of quoted low vol HCC price.
10. Provisional pricing & timing differences on sales.
22. Weighted average. Kumba: $8/t; Minas-Rio: $10/t.
23. Includes a credit to EBITDA reflecting the benefit of the high margin achieved on the sales of
thermal coal by-product in Australia. Refer to FY2020 presentation for more typical spend.
24. Principally processing & trading of product purchased from third parties.
11. Freight and moisture. See Iron Ore realised price table above.
12. The realised price for proportionate share (19.2% Debswana, 50% Namibia) excluding the 11% 25. H1 2021 thermal coal trading & Isibonelo domestic operations, included until the demerger of
trading margin achieved in 2021.
Thermal Coal South Africa on 4 June 2021.
16. In line with prior years, royalties on Nickel, in Brazil, are based on production costs incurred.
17. Weighted average. Kumba: $7/t; Minas-Rio: $5/t.
18. Includes market development & strategic projects, exploration & evaluation costs, restoration &
rehabilitation costs and other corporate costs.
19. Lower than previous periods reflecting improved performance at non-mining businesses (in
particular, Element Six).
20. Includes costs related to Quellaveco, Covid-19, Chagres third-party purchases of concentrate,
corporate allocations, offset by adjustments to rehabilitation provisions.
21. Lower than previous year, reflecting the impact of Covid & ACP disruptions in 2020. Broadly in
line with FY2019 ($87/oz), which is more typical spend.
26. Weighted average. Kumba: ~53%; Minas-Rio: 100%.
27. Nickel, copper, chrome & other metals.
28. Kumba: Platts 62% Fe CFR China; Minas-Rio: MB 66% Fe concentrate CFR.
29. Moisture adjustment converts dry benchmark to wet product. Kumba: ~1.6%; Minas-Rio ~9%.
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