ANGLO AMERICAN PLC - Anglo American temporarily slows Quellaveco copper project construction

Anglo American temporarily slows Quellaveco copper project construction

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

17 March 2020

Anglo American temporarily slows Quellaveco copper project construction

Anglo American plc (“Anglo American”) announces the temporary withdrawal of the majority of
employees and contractors from its Quellaveco copper project in Peru, following the Government
of Peru’s announcement of a 15-day national quarantine to curb the spread of COVID-19.
Construction work on the project will therefore be significantly slowed, with only critical areas of
the project continuing as normal, until such time as workers can return safely.

Mark Cutifani, Chief Executive of Anglo American, said: “The safety and health of everyone must
come first, ever more so at times such as these. We are in the process of safely demobilising
most of the 10,000 strong construction workforce at our Quellaveco copper project, in support of
the Government of Peru’s measures to control the spread of COVID-19. Our development of this
world-class project has progressed ahead of schedule and within our budget and we would
expect to be able to accommodate this slowdown within our market guidance on both timing and
costs at this stage.”

The Quellaveco copper project is expected to begin production in 2022, with an expected capital
cost of $5.0 to 5.3 billion. During the first ten years of full production, Quellaveco is expected to
produce approximately 300,000 tonnes per year at a cash cost of $1.05 per pound of copper.

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
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592

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 mining
operations and undeveloped resources provides the metals and minerals that enable a cleaner,
greener, more sustainable world and that meet the fast growing consumer-driven demands of
the world’s developed and maturing economies. With our people at the heart of our business, we
use innovative practices and the latest technologies to discover new resources and mine, process,
move and market our products to our customers around the world – safely, responsibly and
sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron
ore, coal and nickel – we are the custodians of what are precious natural resources. We work
together with our business partners and diverse stakeholders to unlock the sustainable value that
those resources represent for our shareholders, the communities and countries in which we
operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s
lives.
www.angloamerican.com

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)

Date: 17-03-2020 09:00:00
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