Wrap Text
Production Report for the third quarter ended 30 September 2020
Anglo American plc (the "Company")
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
NEWS RELEASE
22 October 2020
Production Report for the third quarter ended 30 September 2020
Mark Cutifani, Chief Executive of Anglo American, said: "Anglo American has continued its strong
operational recovery, with a 24%(1) increase in production compared to Q2. We are currently operating at
about 95%(2) of our normal capacity - testament to our efforts to protect operational continuity across our
business, whilst maintaining comprehensive measures across our operations to safeguard the lives and
livelihoods of our workforce and host communities, as part of our holistic response to Covid-19.
"Continued strong performance at the Collahuasi copper operation in Chile helped mitigate our overall year-
on-year production decrease to 3%(1) compared to Q3 2019, despite planned maintenance at Minas-Rio iron
ore in Brazil and excluding the effect of the suspended Grosvenor metallurgical coal operation in Australia.
"We have also seen encouraging improvement in demand for rough diamonds as we approach the holiday
selling season, although there is still some uncertainty in terms of the timing of a sustained recovery."
Q3 highlights
- Copper production increased by 4% as Collahuasi in Chile increased production by 17% due to ongoing
strong performance.
- PGMs production was broadly flat as a strong performance from the open pit Mogalakwena mine, with
12% higher palladium production, largely mitigated lower production from the underground Amandelbult.
- In Iron ore, the pipeline inspection and maintenance at Minas-Rio in Brazil was completed successfully
and on schedule, with operations restarted in early October.
- Rough diamond sales improved ahead of the key Q4 holiday selling season for diamond jewellery.
% vs. Q3 % vs. YTD
Q3 2020 Q3 2019 2019 YTD 2020 YTD 2019 2019
Diamonds (Mct)(3) 7.2 7.4 (4)% 18.4 23.0 (20)%
Copper (kt)(4) 166 159 4% 480 479 0%
Platinum (koz)(5) 517 527 (2)% 1,265 1,519 (17)%
Palladium (koz)(5) 352 352 0% 884 1,026 (14)%
Iron ore - Kumba (Mt) 9.5 10.5 (9)% 27.5 30.6 (10)%
Iron ore - Minas-Rio (Mt)(6) 5.0 6.1 (18)% 17.6 17.0 4%
Metallurgical coal (Mt) 4.8 6.6 (26)% 12.6 16.6 (24)%
Thermal coal (Mt)(7) 5.6 6.3 (11)% 16.2 19.6 (17)%
Nickel (kt)(8) 10.2 11.3 (10)% 31.9 30.9 3%
Manganese ore (kt) 939 910 3% 2,578 2,611 (1)%
(1) Excludes the impact of the Grosvenor suspension. Including the impact of Grosvenor, copper equivalent production increased 21% compared to
Q2 2020 and decreased 7% compared to Q3 2019.
(2) Excludes the impact of the Grosvenor suspension and the strike at Cerrejon.
(3) De Beers production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(4) Contained metal basis. Reflects copper production from the Copper business unit only (excludes copper production from the Platinum Group Metals
business unit).
(5) Produced ounces of metal in concentrate. Reflects own mine production and purchase of concentrate.
(6) Volumes are reported as wet metric tonnes. Product is shipped with ~9% moisture.
(7) Reflects export primary production, secondary production sold into export markets and production sold domestically at export parity pricing
from South Africa, and attributable export production (33.3%) from Colombia.
(8) Reflects nickel production from the Nickel business unit only (excludes nickel production from the Platinum Group Metals business unit).
DE BEERS
Q3 2020 Q3 2020 YTD 2020
De Beers(1) (000 carats) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Botswana 4,827 5,699 (15)% 1,825 164% 12,296 17,367 (29)%
Namibia 242 426 (43)% 358 (32)% 1,111 1,243 (11)%
South Africa 1,178 535 120% 555 112% 2,484 1,488 67%
Canada 915 779 17% 789 16% 2,548 2,891 (12)%
Total carats recovered 7,162 7,439 (4)% 3,527 103% 18,439 22,989 (20)%
Rough diamond production decreased by 4% to 7.2 million carats driven by planned reductions in production
to reflect the lower demand for rough diamonds due to the Covid-19 pandemic. Covid-19 related measures
remain in place to safeguard the workforce while maintaining operational continuity.
In Botswana, production decreased by 15% to 4.8 million carats due to the planned treatment of lower grade
material at both Jwaneng and Orapa, with production targeted at levels to meet lower demand.
Namibia production decreased by 43% to 0.2 million carats as the marine fleet suspended production for part
of Q3 to reflect lower demand and one vessel was in dock for planned maintenance during the period.
South African production increased to 1.2 million carats due to an expected change in ore mix, with more ore
sourced from the higher grade material from the last cut of the open pit (rather than from low grade
stockpiles) as the mine transitions to the underground.
Production in Canada increased by 17% to 0.9 million carats, due to treatment of higher grade material at
Gahcho Kue.
Demand for rough diamonds showed signs of improvement in the quarter as Covid-19 restrictions gradually
eased in cutting and polishing centres and consumer markets ahead of the key end of year holiday season.
Rough diamond sales totalled 6.6 million carats (6.5 million carats on a consolidated basis) (2) from three
sights compared with 0.3 million carats (0.2 million carats on a consolidated basis) (2) from two(3) sights in Q2
2020 and 7.4 million carats (7.1 million carats on a consolidated basis) (2) from three sights in Q3 2019.
Full Year Guidance
Production guidance is unchanged at 25-27 million carats (100% basis), subject to continuous review based
on the disruptions related to Covid-19 as well as the timing and scale of the recovery in demand.
(1) De Beers Group production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(2) Consolidated sales volumes exclude De Beers Group's JV partners' 50% proportionate share of sales to entities outside De Beers Group
from Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis).
(3) Sight 3 in Q2 2020 was cancelled due to Covid-19-related restrictions on the movement of people and product.
Q3 2020 Q3 2020 YTD 2020
De Beers(1) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Carats recovered (000 carats)
100% basis (unless stated)
Jwaneng 1,748 1,138 3,200 3,319 2,584 (32)% 54% 6,086 9,143 (33)%
Orapa(2) 3,079 687 2,444 2,569 3,115 (1)% 348% 6,210 8,224 (24)%
Botswana 4,827 1,825 5,644 5,888 5,699 (15)% 164% 12,296 17,367 (29)%
Debmarine Namibia 147 305 417 363 320 (54)% (52)% 869 929 (6)%
Namdeb (land operations) 95 53 94 93 106 (10)% 79% 242 314 (23)%
Namibia 242 358 511 456 426 (43)% (32)% 1,111 1,243 (11)%
Venetia 1,178 555 751 434 535 120% 112% 2,484 1,488 67%
South Africa 1,178 555 751 434 535 120% 112% 2,484 1,488 67%
Gahcho Kue (51% basis) 915 789 844 1,009 779 17% 16% 2,548 2,470 3%
Victor — — — — — n/a n/a — 421 n/a
Canada 915 789 844 1,009 779 17% 16% 2,548 2,891 (12)%
Total carats recovered 7,162 3,527 7,750 7,787 7,439 (4)% 103% 18,439 22,989 (20)%
Sales volumes
Total sales volume (100)% (Mct)(3) 6.6 0.3 8.9 7.0 7.4 (11)% 2,100% 15.8 23.9 (34)%
Consolidated sales volume (Mct)(3) 6.5 0.2 8.3 6.6 7.1 (8)% 3,150% 15.0 22.6 (34)%
Number of Sights (sales cycles) 3 2(4) 2 2 3 7(4) 8
(1) De Beers Group production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(2) Orapa constitutes the Orapa Regime which includes Orapa, Letlhakane and Damtshaa.
(3) Consolidated sales volumes exclude De Beers Group's JV partners' 50% proportionate share of sales to entities outside De Beers Group
from Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis).
(4) Sight 3 in Q2 2020 was cancelled due to Covid-19-related restrictions on the movement of people and product.
COPPER
Q3 2020 Q3 2020 YTD 2020
Copper(1) (tonnes) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Los Bronces 79,400 80,400 (1)% 80,700 (2)% 228,800 263,300 (13)%
Collahuasi (44% share) 75,500 64,500 17% 75,700 0% 217,600 176,500 23%
El Soldado 10,800 14,000 (23)% 10,400 4% 33,100 39,300 (16)%
Total Copper 165,700 158,900 4% 166,800 (1)% 479,500 479,100 0%
(1) Copper production shown on a contained metal basis. Reflects copper production from the Copper business unit only
(excludes copper production from the Platinum Group Metals business unit).
Copper production increased by 4% to 165,700 tonnes, driven by strong plant performance at Collahuasi.
Production from Los Bronces decreased by 1%, to 79,400 tonnes. A 9% increase in throughput, due to
increased water availability, was fully offset by lower grades of ore processed (0.73% vs 0.78%). Following
recent rain and snow fall, adequate water is available for the remainder of 2020.
At Collahuasi, attributable production increased by 17% to 75,500 tonnes due to continued strong plant
performance, higher copper recovery (92.0% vs 87.7%) reflecting plant improvement initiatives, and planned
higher ore grade (1.27% vs 1.14%).
Production from El Soldado decreased by 23% to 10,800 tonnes as a result of planned lower ore grade
(0.78% vs 0.92%).
The year to date average realised price of 273c/lb includes 123,825 tonnes of copper that at 30 September
was provisionally priced at an average price of 302c/lb.
Full Year Guidance
Production guidance has been tightened to 630,000-660,000 tonnes (previously 620,000-670,000 tonnes),
subject to the extent of further Covid-19 related disruption.
Q3 2020 Q3 2020 YTD 2020
Copper(1) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Los Bronces mine(2)
Ore mined 8,414,600 9,237,400 10,013,000 17,373,800 15,560,400 (46)% (9)% 27,665,000 48,541,500 (43)%
Ore processed - Sulphide 11,956,800 9,987,200 7,059,500 7,146,800 10,977,200 9% 20% 29,003,500 34,861,600 (17)%
Ore grade processed -
Sulphide (% TCu)(3) 0.73 0.85 0.98 0.99 0.78 (7)% (15)% 0.83 0.80 4%
Production - Copper cathode 9,300 9,900 9,900 10,000 10,100 (8)% (6)% 29,100 29,000 0%
Production - Copper in concentrate 70,100 70,800 58,800 61,700 70,300 0% (1)% 199,700 234,300 (15)%
Total production 79,400 80,700 68,700 71,700 80,400 (1)% (2)% 228,800 263,300 (13)%
(Anglo American share 44%)
Ore mined 16,412,100 18,035,100 19,402,000 22,132,200 25,780,000 (36)% (9)% 53,849,200 65,121,000 (17)%
Ore processed - Sulphide 14,612,300 14,192,800 14,097,800 14,728,700 14,478,700 1% 3% 42,902,900 39,404,400 9%
Ore grade processed -
Sulphide (% TCu)(3) 1.27 1.31 1.20 1.25 1.14 11% (4)% 1.26 1.17 8%
Production - Copper in concentrate 171,500 172,000 151,000 164,200 146,600 17% 0% 494,500 401,200 23%
Anglo American's share of copper
production for Collahuasi(4) 75,500 75,700 66,500 72,200 64,500 17% 0% 217,600 176,500 23%
El Soldado mine(2)
Ore mined 1,885,100 1,378,100 1,915,300 2,721,400 3,299,900 (43)% 37% 5,178,500 9,406,700 (45)%
Ore processed - Sulphide 1,788,700 1,771,600 1,458,900 1,854,900 1,911,700 (6)% 1% 5,019,100 5,583,500 (10)%
Ore grade processed -
Sulphide (% TCu)(3) 0.78 0.76 1.02 1.02 0.92 (16)% 3% 0.84 0.90 (6)%
Production - Copper in concentrate 10,800 10,400 11,900 14,900 14,000 (23)% 4% 33,100 39,300 (16)%
Chagres Smelter(2)
Ore smelted(5) 26,700 24,300 30,800 30,800 28,800 (7)% 10% 81,800 91,200 (10)%
Production 26,000 23,700 30,000 29,900 28,000 (7)% 10% 79,700 88,700 (10)%
Total copper production(6) 165,700 166,800 147,100 158,800 158,900 4% (1)% 479,500 479,100 0%
Total payable copper production 159,200 160,300 141,700 153,100 153,000 4% (1)% 461,100 461,100 0%
Total sales volumes 176,100 154,200 139,600 176,500 160,000 10% 14% 469,800 467,300 1%
Total payable sales volumes 167,900 148,200 134,300 170,100 153,800 9% 13% 450,400 449,400 0%
Third party sales(7) 112,600 130,800 76,300 115,300 91,600 23% (14)% 319,700 233,800 37%
(1) Excludes copper production from the Platinum Group Metals business unit. Units shown are tonnes unless stated otherwise.
(2) Anglo American ownership interest of Los Bronces, El Soldado and the Chagres Smelter is 50.1%. Production is stated at 100% as Anglo American
consolidates these operations.
(3) TCu = total copper.
(4) Anglo American's share of Collahuasi production is 44%.
(5) Copper contained basis.
(6) Total copper production includes Anglo American's 44% interest in Collahuasi.
(7) Relates to sales of copper not produced by Anglo American operations.
PLATINUM GROUP METALS (PGMs)
Q3 2020 Q3 2020 YTD 2020
Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Metal in concentrate production (000 oz)(1)
Platinum 516.5 526.8 (2)% 307.4 68% 1,264.8 1,519.0 (17)%
Own mined(2) 337.8 351.7 (4)% 188.7 79% 825.9 1,016.4 (19)%
Purchase of concentrate (POC)(3) 178.7 175.1 2% 118.7 51% 438.9 502.6 (13)%
Palladium 352.2 351.8 0% 228.4 54% 883.8 1,025.5 (14)%
Own mined(2) 266.8 262.7 2% 173.3 54% 673.1 774.1 (13)%
Purchase of concentrate (POC)(3) 85.4 89.0 (4)% 55.1 55% 210.7 251.4 (16)%
Refined production 000 oz(1)(4)
Platinum 503.8 578.6 (13)% 160.6 214% 904.7 1,581.2 (43)%
Palladium 354.1 362.1 (2)% 147.4 140% 698.6 1,083.9 (36)%
Rhodium 48.9 66.5 (26)% 30.6 60% 126.8 202.6 (37)%
Tolled material 000 oz(1)
Platinum 75.7 100.9 (25)% 58.4 30% 212.7 198.8 7%
Palladium 35.5 51.3 (31)% 30.0 18% 105.9 100.4 5%
(1) Ounces refer to troy ounces.
(2) Includes managed operations and 50% of joint venture production.
(3) Includes 50% of joint venture production, and the purchase of concentrate from third parties.
(4) Refined production excludes toll material but includes in comparative periods material now transitioned to tolling.
Metal in concentrate production
Platinum production decreased by 2% to 516,500 ounces and palladium production was flat at 352,200 ounces.
Own mined platinum production decreased by 4% to 337,800 ounces and palladium production increased by
2% to 266,800 ounces. Production at Mogalakwena increased by 7% for platinum and 12% for palladium,
due to higher throughput and improvements in concentrator recovery. Amandelbult platinum production was
down 13% and palladium was down 11% due to the continuation of Covid-19 protocols and as Tumela
Upper section comes to the end of its life. Unki and Mototolo production were also higher.
Purchase of platinum in concentrate increased by 2% to 178,700 ounces and purchase of palladium in
concentrate decreased by 4% to 85,400 ounces, driven by changes in mix.
Refined production
Following the restart of the ACP Phase B unit in Q2, refined production has ramped up steadily. However,
refined production for platinum and palladium was lower than in Q3 2019 by 13% and 2%, respectively, due
to increased levels of monitoring and intermittent stoppages to inspect the plant. The stoppages have
resulted in a slight increase in work-in-progress inventory between Q2 2020 and Q3 2020. Furthermore, the
mix of metals refined was impacted by the strong recovery of mining activities at Mogalakwena, which is
palladium-rich. The repairs to the ACP Phase A unit are progressing well and are currently expected to
complete towards the end of 2020.
Sales volumes decreased by 17% for both platinum and palladium, driven by lower refined production and a
rebuild of refined inventory. Due to the slight increase in work-in-progress inventory and the rebuild of refined
inventory, sales volumes are expected to be lower than metal-in-concentrate production in H2 2020.
The year to date average realised basket price of $4,468/Pt ounce reflects strong palladium and rhodium
prices, with the mix of metals reverting towards normalised levels following disruption in the first half of 2020.
Full Year Guidance
Production guidance (metal in concentrate) is revised to 1.7-1.8 million ounces of platinum (previously 1.5-
1.7 million ounces) and 1.1-1.2 million ounces of palladium (previously 1.0-1.2 million ounces), subject to the
extent of any further Covid-19 related disruptions.
Q3 2020 Q3 2020 YTD 2020
Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
Platinum 2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Produced platinum
(000 oz)(1) 516.5 307.4 440.9 531.7 526.8 (2)% 68% 1,264.8 1,519.0 (17)%
Own mined 337.8 188.7 299.4 361.9 351.7 (4)% 79% 825.9 1,016.4 (19)%
Mogalakwena 132.0 117.3 121.9 135.8 123.4 7% 13% 371.2 381.7 (3)%
Amandelbult 102.8 25.3 85.5 120.1 118.4 (13)% 306% 213.6 333.5 (36)%
Unki 27.0 13.9 21.8 23.3 23.7 14% 94% 62.7 66.1 (5)%
Mototolo 33.3 9.5 28.3 30.9 31.4 6% 251% 71.1 81.2 (12)%
Joint ventures(2) 42.7 22.7 41.9 51.8 54.8 (22)% 88% 107.3 153.9 (30)%
Purchase of concentrate 178.7 118.7 141.5 169.8 175.1 2% 51% 438.9 502.6 (13)%
Joint ventures(2) 42.7 22.7 41.9 51.8 54.8 (22)% 88% 107.3 153.9 (30)%
Third parties 136.0 96.0 99.6 118.0 120.3 13% 42% 331.6 348.7 (5)%
Palladium
Produced palladium
(000 oz)(1) 352.2 228.4 303.1 360.4 351.8 0% 54% 883.8 1,025.5 (14)%
Own mined 266.8 173.3 232.9 275.0 262.7 2% 54% 673.1 774.1 (13)%
Mogalakwena 146.0 128.9 128.7 146.0 130.8 12% 13% 403.6 411.8 (2)%
Amandelbult 48.3 11.7 39.1 56.0 54.3 (11)% 313% 99.1 152.9 (35)%
Unki 23.6 12.1 19.6 20.0 21.3 11% 95% 55.3 59.2 (7)%
Mototolo 20.7 5.8 17.2 19.0 19.4 7% 257% 43.7 49.7 (12)%
Joint ventures(2) 28.2 14.8 28.4 34.0 36.9 (24)% 91% 71.4 100.5 (29)%
Purchase of concentrate 85.4 55.1 70.2 85.4 89.0 (4)% 55% 210.7 251.4 (16)%
Joint ventures(2) 28.2 14.8 28.4 34.0 36.9 (24)% 91% 71.4 100.5 (29)%
Third parties 57.2 40.3 41.8 51.4 52.1 10% 42% 139.3 150.9 (8)%
Refined production
Platinum (000 oz)(1)(3) 503.8 160.6 240.3 629.7 578.6 (13)% 214% 904.7 1,581.2 (43)%
Palladium (000 oz)(1)(3) 354.1 147.4 197.1 396.6 362.1 (2)% 140% 698.6 1,083.9 (36)%
Rhodium (000 oz)(1)(3) 48.9 30.6 47.3 90.8 66.5 (26)% 60% 126.8 202.6 (37)%
Gold (000 oz)(1)(3) 7.0 11.8 27.9 32.4 27.9 (75)% (41)% 46.7 73.2 (36)%
Nickel (tonnes)(3) 5,000 2,000 3,100 6,400 6,800 (26)% 150% 10,100 16,600 (39)%
Copper (tonnes)(3) 2,800 1,500 3,000 4,100 3,400 (18)% 87% 7,300 10,100 (28)%
Tolled material
Platinum (000 oz)(1) 75.7 58.4 78.6 104.4 100.9 (25)% 30% 212.7 198.8 7%
Palladium (000 oz)(1) 35.5 30.0 40.4 54.0 51.3 (31)% 18% 105.9 100.4 5%
Platinum sales volumes
(000 oz)(1)(4) 448.5 195.7 239.9 668.3 537.4 (17)% 129% 884.1 1,546.8 (43)%
Palladium sales volumes
(000 oz)(1)(4) 261.7 160.8 222.5 435.8 316.9 (17)% 63% 645.0 1,084.9 (41)%
Platinum third party sales volumes (000 oz)(1)(5) 105.0 84.2 62.1 10.6 17.5 500% 25% 251.3 35.5 608%
Palladium third party sales volumes (000
oz)(1)(5) 214.6 123.1 169.2 42.8 79.7 169% 74% 506.9 219.4 131%
4E head grade (g/t milled)(6) 3.65 3.44 3.44 3.67 3.65 0% 6% 3.52 3.60 (2)%
(1) Ounces refer to troy ounces.
(2) The joint venture operations are Modikwa and Kroondal. Platinum owns 50% of these operations, which is presented under 'Own mined' production, and
purchases the remaining 50% of production, which is presented under 'Purchase of concentrate'.
(3) Refined production excludes toll material but includes in comparative periods material now transitioned to tolling.
(4) Sales from own mined and purchased concentrate, excludes refined metal purchased from third parties.
(5) Relates to sales of metal not produced by Anglo American operations.
(6) 4E: the grade measured as the combined content of: platinum, palladium, rhodium and gold, excludes tolled material.
IRON ORE
Q3 2020 Q3 2020 YTD 2020
Iron Ore (000 t) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Kumba 9,532 10,521 (9)% 8,475 12% 27,456 30,582 (10)%
Minas-Rio(1) 4,994 6,126 (18)% 6,198 (19)% 17,616 16,951 4%
(1) Volumes are reported as wet metric tonnes. Product is shipped with ~9% moisture.
Kumba - Total production decreased by 9% to 9.5 million tonnes with Sishen's production 9% lower at 6.5
million tonnes and Kolomela's 10% lower at 3.0 million tonnes.
Production was reduced in response to both the elevated finished stock levels at the end of Q2 2020 due to
Covid-related rail and port constraints, and in anticipation of the annual rail and port maintenance scheduled
for Q4 2020. Consequently, stock levels were drawn down to 5.4 million tonnes (1) from 6.2 million tonnes(1)
as at 30 June 2020. Reduced levels of production supported additional focus on scheduled maintenance and
operational improvement.
Sales volumes increased by 7% to 10.9 million tonnes(1) driven by a 13% increase in export sales as
Transnet's performance returned to pre-Covid-19 levels, with a significant improvement in loading rates at
the port.
Year to date, Kumba product Fe content averaged 64.3%, while the average lump:fines ratio was 67:33.
Consequently, the year to date average realised price of $103/tonne (FOB South Africa) was higher than the
62% Fe benchmark price of $90/tonne (FOB South Africa, adjusted for freight) due to these premiums.
Minas-Rio - Production decreased by 18% to 5.0 million tonnes, reflecting an approximately one month
planned stoppage to carry out routine internal scanning of the pipeline. The inspection was completed
successfully with operations resuming as scheduled at the start of October.
The year to date average realised price of $96/tonne (FOB Brazil) was higher than the Metal Bulletin 66 price
(FOB Brazil, adjusted for freight and moisture) of $86/tonne, reflecting product quality, including higher
(~67%) Fe content.
Full Year Guidance
Kumba production guidance is unchanged at 37-39 million tonnes, subject to the extent of further Covid-19
related disruption.
Minas-Rio production guidance is unchanged at 22-24 million tonnes, subject to the extent of further Covid-
19 related disruption.
(1) Sales volumes and stock differ to Kumba's standalone results due to sales to other Group companies.
Q3 2020 Q3 2020 YTD 2020
Iron Ore (tonnes) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Kumba production 9,531,600 8,474,900 9,449,300 11,806,100 10,521,300 (9)% 12% 27,455,800 30,581,600 (10)%
Lump 6,488,700 5,709,800 6,387,900 7,898,500 6,955,500 (7)% 14% 18,586,400 20,611,500 (10)%
Fines 3,042,900 2,765,100 3,061,400 3,907,600 3,565,800 (15)% 10% 8,869,400 9,970,100 (11)%
Kumba production by mine
Sishen 6,511,500 5,782,200 6,579,600 8,263,900 7,153,500 (9)% 13% 18,873,300 20,910,500 (10)%
Kolomela 3,020,100 2,692,700 2,869,700 3,542,200 3,367,800 (10)% 12% 8,582,500 9,671,100 (11)%
Kumba sales volumes 10,902,900 8,084,000 10,683,500 10,469,400 10,153,800 7% 35% 29,670,400 31,504,300 (6)%
Export iron ore(1) 10,902,900 8,084,000 10,331,900 10,237,100 9,670,200 13% 35% 29,318,800 29,556,400 (1)%
Domestic iron ore — — 351,600 232,300 483,600 n/a n/a 351,600 1,947,900 (82)%
Minas-Rio production
Pellet feed (wet basis) 4,993,800 6,198,000 6,424,100 6,163,600 6,126,100 (18)% (19)% 17,615,900 16,951,300 4%
Minas-Rio sales volumes
Export - pellet feed (wet basis) 4,784,600 6,611,600 6,081,200 6,570,700 5,734,500 (17)% (28)% 17,477,400 16,356,300 7%
(1) Sales volumes differ to Kumba's standalone results due to sales to other Group companies.
COAL
Q3 2020 Q3 2020 YTD 2020
Coal(1) (000 t) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Metallurgical Coal (Australia) 4,836 6,569 (26)% 3,977 22% 12,640 16,569 (24)%
Export Thermal Coal (South Africa)(2) 4,595 4,288 7% 3,588 28% 12,378 13,280 (7)%
Export Thermal Coal (Colombia)(3) 1,038 2,055 (50)% 767 35% 3,783 6,271 (40)%
(1) Anglo American's attributable share of production.
(2) Includes export primary production, secondary production sold into export markets and production sold domestically at export parity pricing.
(3) Anglo American's attributable share of Cerrejon production is 33.3%.
Metallurgical Coal - Export metallurgical coal production decreased by 26% to 4.8 million tonnes, principally
due to the suspension of operations at Grosvenor following the underground gas ignition incident in May
2020. Open cut operations have been scaled back at Dawson and Capcoal in response to Covid-19 reduced
demand for lower quality metallurgical coal.
The ratio of hard coking coal production to PCI/semi-soft coking coal was 82:18, lower than in Q3 2019
(85:15), due to a lower proportion of product coming from the underground operations.
The year to date average realised price for hard coking coal was $114/tonne, which was lower than the
benchmark price of $129/tonne due to a lower volume of premium quality hard coking coal produced from
Moranbah and Grosvenor.
Thermal Coal, South Africa - Export thermal coal production increased by 7% to 4.6 million tonnes,
principally driven by the ramp up of the Navigation lifex section at Khwezela.
Since August, all mines have been operating at circa 90% production due to the impact of Covid-19
measures to safeguard the workforce. Covid-19 measures in the logistics chain have affected the loading of
volumes onto trains resulting in higher stockpiles at operations.
Thermal Coal, Colombia - Attributable export thermal coal production decreased by 50% to 1.0 million
tonnes as a result of an ongoing strike at Cerrejon, which started in September. This more than offset the
ramp up in production earlier in Q3 following the lifting of lockdown restrictions.
The year to date weighted average realised price for export thermal coal from South Africa and Colombia
was $53/tonne (South Africa was $56/tonne and Colombia was $45/tonne). This was 10% lower than the
weighted average quoted FOB price from South Africa and Colombia due to timing differences and quality
discounts relative to the industry benchmark.
Full Year Guidance
Production guidance for metallurgical coal is maintained at 16-18 million tonnes.
Production guidance for export thermal coal is revised to c.19 million tonnes (previously c.21 million tonnes),
owing to the ongoing strike disruption in Colombia, subject to the extent of further Covid-19 related
disruption.
Q3 2020 Q3 2020 YTD 2020
Coal, by product (tonnes)(1) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Metallurgical Coal - Australia 4,836,100 3,977,200 3,826,200 6,283,600 6,568,900 (26)% 22% 12,639,500 16,568,600 (24)%
Hard Coking Coal 3,969,100 3,221,500 3,012,200 5,117,500 5,615,900 (29)% 23% 10,202,800 13,839,600 (26)%
PCI / SSCC 867,000 755,700 814,000 1,166,100 953,000 (9)% 15% 2,436,700 2,729,000 (11)%
Thermal Coal 10,162,400 8,761,000 9,083,600 9,730,000 9,402,700 8% 16% 28,007,000 28,108,300 0%
Export - Australia 587,000 468,000 403,200 389,200 437,900 34% 25% 1,458,200 1,021,600 43%
Export - South Africa(2) 4,595,400 3,587,600 4,195,100 4,515,100 4,288,400 7% 28% 12,378,100 13,280,300 (7)%
Export - Colombia(3) 1,037,700 767,400 1,977,900 2,314,900 2,055,100 (50)% 35% 3,783,000 6,271,300 (40)%
Domestic - South Africa 3,942,300 3,938,000 2,507,400 2,510,800 2,621,300 50% 0% 10,387,700 7,535,100 38%
Sales volumes
Metallurgical Coal - Australia 4,818,000 3,901,300 3,850,300 6,100,100 6,371,500 (24)% 23% 12,569,600 16,280,500 (23)%
Hard Coking Coal 4,130,000 3,305,000 2,867,400 5,097,200 5,737,800 (28)% 25% 10,302,400 13,972,700 (26)%
PCI / SSCC 688,000 596,300 982,900 1,002,900 633,700 9% 15% 2,267,200 2,307,800 (2)%
Thermal Coal 11,354,200 11,154,600 11,796,200 12,939,200 12,166,100 (7)% 2% 34,305,000 36,478,500 (6)%
Export - Australia 500,100 651,700 407,200 500,900 584,600 (14)% (23)% 1,559,000 1,306,800 19%
Export - South Africa(2) 4,512,700 3,264,300 3,924,000 4,880,100 4,073,300 11% 38% 11,701,000 13,268,500 (12)%
Export - Colombia(3) 993,800 1,142,500 2,028,000 2,260,800 2,068,600 (52)% (13)% 4,164,300 6,513,000 (36)%
Domestic - South Africa 3,407,700 3,558,700 2,408,400 2,172,700 3,175,200 7% (4)% 9,374,800 7,594,700 23%
Third party sales 1,939,900 2,537,400 3,028,600 3,124,700 2,264,400 (14)% (24)% 7,505,900 7,795,500 (4)%
(1) Anglo American's attributable share of production.
(2) Includes export primary production, secondary production sold into export markets and production sold domestically at export parity pricing.
(3) Anglo American's attributable share of Cerrejon production is 33.3%.
Q3 2020 Q3 2020 YTD 2020
Coal, by operation (tonnes)(1) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Metallurgical Coal - Australia 4,836,100 3,977,200 3,826,200 6,283,600 6,568,900 (26)% 22% 12,639,500 16,568,600 (24)%
Moranbah North 2,008,500 761,800 450,800 2,332,600 1,973,100 2% 164% 3,221,100 3,815,800 (16)%
Grosvenor 4,500 560,900 540,900 1,011,700 1,344,500 (100)% (99)% 1,106,300 3,710,200 (70)%
Capcoal (incl. Grasstree) 1,328,800 1,221,900 1,383,300 1,270,300 1,709,200 (22)% 9% 3,934,000 4,661,700 (16)%
Dawson 588,300 638,400 741,200 842,500 703,200 (16)% (8)% 1,967,900 2,110,500 (7)%
Jellinbah 906,000 794,200 710,000 826,500 838,900 8% 14% 2,410,200 2,270,400 6%
Thermal Coal - Australia 587,000 468,000 403,200 389,200 437,900 34% 25% 1,458,200 1,021,600 43%
Capcoal 102,800 82,200 114,700 123,200 81,300 26% 25% 299,700 209,000 43%
Dawson 429,700 340,000 263,100 222,900 323,200 33% 26% 1,032,800 731,700 41%
Jellinbah 54,500 45,800 25,400 43,100 33,400 63% 19% 125,700 80,900 55%
Thermal Coal - South Africa(2) 8,537,700 7,525,600 6,702,500 7,025,900 6,909,700 24% 13% 22,765,800 20,815,400 9%
Goedehoop 1,816,600 1,192,500 1,207,400 1,488,800 1,441,100 26% 52% 4,216,500 4,577,300 (8)%
Greenside 1,199,000 1,179,100 1,177,900 1,428,700 1,237,200 (3)% 2% 3,556,000 3,417,200 4%
Zibulo 1,429,900 1,331,100 1,291,700 1,351,000 1,294,100 10% 7% 4,052,700 4,008,300 1%
Khwezela 1,735,100 1,383,700 1,619,400 1,530,300 1,433,400 21% 25% 4,738,200 4,230,500 12%
Mafube 503,100 339,200 484,600 481,200 450,600 12% 48% 1,326,900 1,326,300 0%
Other(3) 1,854,000 2,100,000 921,500 745,900 1,053,300 76% (12)% 4,875,500 3,255,800 50%
Thermal Coal - Colombia (Cerrejon)(4) 1,037,700 767,400 1,977,900 2,314,900 2,055,100 (50)% 35% 3,783,000 6,271,300 (40)%
(1) Anglo American's attributable share of production.
(2) Export and domestic production; Isibonelo and Rietvlei produce exclusively domestic volumes.
(3) Other includes Isibonelo and Rietvlei.
(4) Anglo American's attributable share of Cerrejon production is 33.3%.
NICKEL
Q3 2020 Q3 2020 YTD 2020
Nickel (tonnes) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Nickel 10,200 11,300 (10)% 10,800 (6)% 31,900 30,900 3%
Nickel production decreased by 10% due to planned annual maintenance that took place in Q3, whereas the
maintenance took place in Q2 in 2019.
Full Year Guidance
Production guidance is unchanged at 42,000-44,000 tonnes, subject to the extent of further Covid-19 related
disruption.
Q3 2020 Q3 2020 YTD 2020
Nickel Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Barro Alto
Ore mined 1,712,200 1,166,200 318,000 623,300 1,198,800 43% 47% 3,196,400 3,452,300 (7)%
Ore processed 536,600 625,900 610,100 609,200 612,000 (12)% (14)% 1,772,600 1,656,500 7%
Ore grade processed - %Ni 1.72 1.60 1.57 1.73 1.66 4% 7% 1.63 1.68 (3)%
Production 8,000 8,800 8,700 9,500 9,200 (13)% (9)% 25,500 24,400 5%
Codemin
Ore mined 3,200 — — — 1,300 146% n/a 3,200 40,300 (92)%
Ore processed 142,100 145,800 145,800 141,600 140,200 1% (3)% 433,700 429,000 1%
Ore grade processed - %Ni 1.71 1.59 1.62 1.68 1.69 1% 8% 1.64 1.63 1%
Production 2,200 2,000 2,200 2,200 2,100 5% 10% 6,400 6,500 (2)%
Total Nickel production(1) 10,200 10,800 10,900 11,700 11,300 (10)% (6)% 31,900 30,900 3%
Sales volumes 10,900 9,800 10,600 12,500 10,600 3% 11% 31,300 29,200 7%
(1) Excludes nickel production from the PGMs business unit.
MANGANESE
Q3 2020 Q3 2020 YTD 2020
Manganese (000 t) Q3 Q3 vs. Q2 vs. YTD YTD vs.
2020 2019 Q3 2019 2020 Q2 2020 2020 2019 YTD 2019
Manganese ore(1) 939 910 3% 796 18% 2,578 2,611 (1)%
Manganese alloys(1)(2) 18 29 (37)% 23 (21)% 66 106 (38)%
(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.
Manganese ore production increased by 3% to 938,700 tonnes, as the impact from the Covid-19 restrictions
in South Africa were offset by improved Australian production from stronger mining performance and higher
concentrator yield.
Manganese alloy production decreased by 37% to 18,300 tonnes, with one plant in South Africa on care and
maintenance since the Covid-19 lockdown. In addition, a binding agreement was reached for the sale of the
TEMCO alloy smelter in Australia.
Q3 2020 Q3 2020 YTD 2020
Manganese (tonnes) Q3 Q2 Q1 Q4 Q3 vs. vs. YTD YTD vs.
2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Samancor
Manganese ore(1) 938,700 796,000 842,900 902,900 910,400 3% 18% 2,577,600 2,610,500 (1)%
Manganese alloys(1)(2) 18,300 23,200 24,400 31,600 29,200 (37)% (21)% 65,900 105,600 (38)%
Samancor sales volumes
Manganese ore 976,200 810,700 805,400 911,000 897,800 9% 20% 2,592,300 2,699,600 (4)%
Manganese alloys 22,700 23,400 32,800 27,200 30,400 (25)% (3)% 78,900 105,300 (25)%
(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.
EXPLORATION AND EVALUATION
Exploration and evaluation expenditure decreased by 13% to $59 million. Exploration expenditure decreased
by 10% to $26 million driven by decreased activity in copper, nickel and diamonds. Evaluation expenditure
decreased by 15% to $33 million, driven by overall decreased activity, in particular in diamonds, due to
Covid-19.
CORPORATE ACTIVITY AND OTHER ITEMS
Anglo American is taking a cautious and responsible approach to the remobilisation of workers at the
Quellaveco copper project in Peru, amid challenging conditions. Peru experienced an increase in Covid-19
infection rates during the quarter, and we have responded with a further strengthening of our robust health
protocols to protect our workforce whilst continuing to provide significant support to the local community to
help manage the impact and spread of Covid-19. To-date, ~8,500 workers have returned to site and our
focus in Q4 is on safely completing the remobilisation of site, with the majority of the ~10,000 workforce
expected on-site during the quarter, while productivity rates are expected to recover through the rest of the
year, subject to the extent of further Covid-19 related disruption. First production is still expected in 2022
and, based on current expectations for remobilisation and ramp-up of activity, total project capital
expenditure (100% basis) is also unchanged at $5.3-$5.5 billion, of which the Group's share is $2.7-$2.8
billion.
REALISED PRICES
Q3 2020 YTD H1 2020 FY 2019
Copper (USc/lb)(1) 273 250 273
PGMs
Platinum (US$/oz) 876 857 861
Palladium (US$/oz) 2,143 2,141 1,518
Rhodium (US$/oz) 9,465 8,985 3,808
Basket price (US$/Pt oz)(2) 4,468 5,520 2,819
Iron Ore - FOB prices
Kumba Export (US$/dmt)(3) 103 93 97
Minas-Rio (US$/wmt)(4) 96 88 79
Metallurgical Coal
HCC (US$/t)(5) 114 123 171
PCI (US$/t)(5) 90 98 110
Thermal Coal
Australia - Export (US$/t)(5) 56 58 70
South Africa - Export (US$/t)(6) 56 61 61
Colombia - Export (US$/t) 45 46 56
Nickel (USc/lb) 531 502 624
(1) The realised price for Copper excludes third party sales volumes.
(2) The Q3 2020 YTD basket price has decreased compared to H1 2020 with the mix of metals reverting towards normalised levels following disruption
in the first half of 2020.
(3) Average realised export basket price (FOB Saldanha). For Q3 2020 YTD and FY 2019 the realised prices differ to Kumba's standalone results due to
sales to other Group companies.
(4) Average realised export basket price (FOB Acu) (wet basis as product is shipped with ~9% moisture).
(5) Weighted average coal sales price achieved at managed operations.
(6) Weighted average export thermal coal price achieved.
PRODUCTION OUTLOOK SUMMARY
2020 production guidance is summarised as follows:
2020 production guidance(1)
Diamonds(2) 25-27 Mct
Copper(3) 630-660 kt (previously 620-670 kt)
Platinum - M&C(4) 1.7-1.8 Moz (previously 1.5-1.7 Moz)
Palladium - M&C(4) 1.1-1.2 Moz (previously 1.0-1.2 Moz)
Kumba Iron Ore(5) 37-39 Mt
Minas-Rio Iron Ore(6) 22-24 Mt
Metallurgical Coal(7) 16-18 Mt
Thermal Coal(8) ~19 Mt (previously ~21 Mt)
Nickel(9) 42-44 kt
(1) Subject to further Covid-19 related disruption.
(2) On a 100% basis except for the Gahcho Kue joint venture, which is on an attributable 51% basis.
(3) Copper business unit only. On a contained-metal basis.
(4) Produced metal in concentrate ounces. Includes production from joint operations, associates and third-parties.
Platinum ~65% own mined production, palladium ~75% own mined production.
(5) Dry basis. Subject to rail and port performance.
(6) Volumes are reported as wet metric tonnes. Product is shipped with ~9% moisture.
(7) Excludes thermal coal production in Australia.
(8) Export South Africa and Colombia production.
(9) Nickel business unit only.
NOTES
- This Production Report for the quarter ended 30 September 2020 is unaudited.
- Production figures are sometimes more precise than the rounded numbers shown in this Production Report.
- Copper equivalent production shows changes in underlying production volume. It is calculated by
expressing each product's volume as revenue, subsequently converting the revenue into copper
equivalent units by dividing by the copper price (per tonne). Long-term forecast prices are used, in order
that period-on-period comparisons exclude any impact for movements in price.
- Please refer below for information on forward-looking statements.
In this document, references to "Anglo American", the "Anglo American Group", the "Group", "we", "us", and
"our" are to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally,
or where it is not necessary to refer to a particular entity, entities or persons. The use of those generic terms
herein is for convenience only, and is in no way indicative of how the Anglo American Group or any entity
within it is structured, managed or controlled. Anglo American subsidiaries, and their management, are
responsible for their own day-to-day operations, including but not limited to securing and maintaining all
relevant licences and permits, operational adaptation and implementation of Group policies, management,
training and any applicable local grievance mechanisms. Anglo American produces group-wide policies and
procedures to ensure best uniform practices and standardisation across the Anglo American Group but is
not responsible for the day to day implementation of such policies. Such policies and procedures constitute
prescribed minimum standards only. Group operating subsidiaries are responsible for adapting those
policies and procedures to reflect local conditions where appropriate, and for implementation, oversight and
monitoring within their specific businesses.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Robert Greenberg
marcelo.esquivel@angloamerican.com robert.greenberg@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 2124
Katie Ryall Emma Waterworth
katie.ryall@angloamerican.com emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8935 Tel: +44 (0)20 7968 8574
South Africa
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Notes to editors:
Anglo American is a leading global mining company and our products are the essential ingredients in almost every
aspect of modern life. Our portfolio of world-class competitive operations, development projects and undeveloped
resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that
meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of
our business, we use innovative practices and the latest technologies to mine, process, move and market our products
to our customers - and to discover new resources - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients
of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned
for divestment - we are committed to being carbon neutral across our operations by 2040. We work together with our
business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit
of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American
is re-imagining mining to improve people's lives.
Forward-looking statements and third-party information:
This announcement includes forward-looking statements. All statements other than statements of historical facts included
in this announcement, including, without limitation, those regarding Anglo American's financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including
development plans and objectives relating to Anglo American's products, production forecasts and Ore Reserves and
Mineral Resource estimates), are forward-looking statements. By their nature, such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Anglo American, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Anglo American's present and future
business strategies and the environment in which Anglo American will operate in the future. Important factors that could
cause Anglo American's actual results, performance or achievements to differ materially from those in the forward-
looking statements include, among others, levels of actual production during any period, levels of global demand and
commodity market prices, mineral resource exploration and development capabilities, recovery rates and other
operational capabilities, the effects of global pandemics and outbreaks of infectious diseases, sustainability aspirations,
the availability of mining and processing equipment, the ability to produce and transport products profitably, the
availability of transportation infrastructure, the impact of foreign currency exchange rates on market prices and operating
costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant
areas of the world, the actions of competitors, activities by governmental authorities such as permitting and changes in
taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates,
conflicts over land and resource ownership rights and such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue
reliance should not be placed on forward-looking statements.
These forward-looking statements speak only as of the date of this announcement. Anglo American expressly disclaims
any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK
Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of
the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and
the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any
forward-looking statement contained herein to reflect any change in Anglo American's expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement
should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its
historical published earnings per share.
Certain statistical and other information about Anglo American included in this announcement is sourced from publicly
available third-party sources. As such, it has not been independently verified and presents the views of those third
parties, though these may not necessarily correspond to the views held by Anglo American and Anglo American
expressly disclaims any responsibility for, or liability in respect of, such information.
The Company has a primary listing on the Main Market of the London Stock Exchange and secondary listings on the Johannesburg Stock Exchange,
the Botswana Stock Exchange, the Namibia Stock Exchange and the SIX Swiss Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
22 October 2020
Date: 22-10-2020 08:00:00
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