AngloAmerican Results Presentation Deck
LIFE EXTENSIONS WILL DELIVER VALUE;
HIGHER NEAR-TERM SUSTAINING CAPEX
Sustaining capex¹
2021
-$3.7bn
2022
~$4.2bn
2021-2023 capex driven by deferrals from 2020, life extensions & foreign exchange
1.
Lifex projects - subject to disciplined capital allocation framework
Venetia Underground (Diamonds)
Aquila2 (Met Coal)
Kolomela (Kumba Iron Ore)
Jwaneng (Diamonds)
Mototolo (PGMs)
APPROVED
APPROVED
APPROVED
APPROVED
-2021
Capex
~$0.2-0.4bn pa
-$0.1bn pa
~$0.2bn pa
-$0.1bn pa
2023
-$4.1bn
Volume First production LOM extension
5 Mctpa
from 2023
+22 years
3.5 Mtpa
4 Mtpa
9 Mctpa
from 2022
from 2024
from 2027
+6 years
+9 years
Long-term
- $3.0bn
Studies ongoing, expected ~$0.2bn capex, +30 year LOM extension
>15% IRR
+3 years³ >20% IRR
>30% IRR
>15% IRR
+ lifex
Returns
>50% margin
>40% margin
>30% margin
>50% margin
Sustaining cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment, includes direct funding for capital
expenditure from non-controlling interests & reimbursement of capital expenditure & excludes capitalised operating cash flows and growth projects. Long-term sustaining capex excludes Woodsmith.
2. Lifex for Grasstree underground mine within Capcoal complex.
3. The three year life extension was already reflected in the previously disclosed LOM of 12 years.
AngloAmerican
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