Wrap Text
Production Report for the second quarter ended 30 June 2019
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
18 July 2019
Anglo American plc
Production Report for the second quarter ended 30 June 2019
Mark Cutifani, Chief Executive of Anglo American, said: "Production is up 2%(1) for the quarter, due to the
successful ramp-up at Minas-Rio and strong performance at Metallurgical Coal following the longwall moves
and plant upgrade work in Q1. Kumba Iron Ore continues to improve following Q1 production challenges.
De Beers, in view of prevailing market conditions, will continue to produce to demand for the year. We remain
broadly on track overall to deliver this full year's production targets, with an increase to Minas-Rio guidance
offsetting two reductions at De Beers and Kumba Iron Ore."
Highlights
- De Beers' diamond production decreased by 14% to 7.7 million carats in the quarter, as we continue to
produce to market demand and as Venetia transitions from open pit to underground.
- Copper production increased by 1% to 159,100 tonnes due to strong performance at Los Bronces and Collahuasi.
- Platinum production increased by 3%(2) to 520,300 ounces and palladium decreased by 1%(2) to 347,200
ounces, due to a change in mix of production from each operation.
- Kumba's iron ore production decreased by 9% to 10.5 million tonnes due to plant maintenance.
- Minas-Rio's iron ore production was 5.9 million tonnes as its strong ramp-up continues ahead of schedule.
- Metallurgical coal production increased by 11% to 5.8 million tonnes due to generally stronger
performance and the completion of Q1 longwall moves.
- Thermal coal production decreased by 8% to 6.6 million tonnes primarily due to local drought conditions at Cerrejon.
Production Summary
% vs. H1
Q2 2019 Q2 2018 % vs. Q2 2018 H1 2019 H1 2018 2018
Diamonds (Mct)(3) 7.7 9.0 (14)% 15.6 17.5 (11)%
Copper (kt)(4) 159 158 1% 320 313 2%
Platinum (koz)(5) 520 508(2) 3% 992 1,006(2) (1)%
Palladium (koz)(5) 347 350(2) (1)% 674 699(2) (4)%
Iron ore - Kumba (Mt) 10.5 11.6 (9)% 20.1 22.4 (11)%
Iron ore - Minas-Rio (Mt)(6) 5.9 0.1 n/a 10.8 3.2 n/a
Metallurgical coal (Mt) 5.8 5.3 11% 10.0 10.8 (7)%
Thermal coal (Mt)(7) 6.6 7.2 (8)% 13.2 14.0 (5)%
Nickel (kt)(8) 9.8 10.8 (9)% 19.6 19.4 1%
Manganese ore (kt) 826 866 (5)% 1,700 1,747 (3)%
(1) Copper equivalent production is normalised to reflect closure of Voorspoed (De Beers) and Sibanye-Stillwater Rustenburg material that has transitioned to a tolling
arrangement (Platinum Group Metals). Excluding the impact of Minas-Rio, Group copper equivalent production is down 4% in the quarter.
(2) Normalised for the transition of Sibanye-Stillwater Rustenburg material from purchased concentrate to a tolling arrangement.
(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 purchases.
(6) Wet basis.
(7) Reflects export production from South Africa and attributable export production from Colombia.
(8) Reflects nickel production from the Nickel business unit only (excludes nickel production from the Platinum Group Metals business unit).
DE BEERS
Q2 2019 Q2 2019 H1 2019
De Beers(1) (000 carats) Q2 Q2 vs. vs. vs.
2019 2018 Q2 2018 Q1 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Botswana (Debswana) 5,718 6,279 (9)% 5,950 (4)% 11,668 12,087 (3)%
Namibia (Namdeb Holdings) 335 515 (35)% 483 (31)% 818 1,044 (22)%
South Africa (DBCM) 571 1,018 (44)% 382 49% 953 2,111 (55)%
Canada 1,075 1,185 (9)% 1,037 4% 2,112 2,253 (6)%
Total carats recovered 7,699 8,997 (14)% 7,852 (2)% 15,551 17,495 (11)%
Rough diamond production decreased by 14% to 7.7 million carats driven by reductions in Botswana
(Debswana) and South Africa (DBCM). Production guidance has been revised downwards to ~31 million
carats, in response to weaker trading conditions.
Botswana (Debswana) production decreased by 9% to 5.7 million carats. This was driven by a decrease at
Orapa(2) of 23% to 2.5 million carats following a planned plant shut down brought forward from H2 2019, which
impacted production in late Q1 and early Q2. Production at Jwaneng increased by 7% to 3.2 million carats,
driven by an increase in tonnes treated.
Namibia (Namdeb Holdings) production decreased by 35% to 0.3 million carats, driven by Elizabeth Bay
transitioning onto care and maintenance in Q4 2018 and planned maintenance for the Mafuta crawler vessel.
South Africa (DBCM) production decreased by 44% to 0.6 million carats due to lower mined volumes at Venetia
as it approaches the transition from open pit to underground. In addition, Voorspoed production came to an
end as it was placed onto care and maintenance in Q4 2018 in preparation for closure.
Canada production decreased by 9% to 1.1 million carats due to planned lower grades at Gahcho Kue. Victor
production decreased by 4% to 0.2 million carats as it reached the end of its life during Q2 2019.
Rough diamond sales were 9.0 million carats (8.3 million carats on a consolidated basis) (3) from three sales
cycles compared with 10.0 million carats (9.4 million carats on a consolidated basis) (3) from the same number
of sales cycles in Q2 2018. Demand for rough diamonds remains subdued as a result of challenges in the
midstream with higher polished inventories, and caution due to macro-economic uncertainty, including the US
- China trade tensions.
The H1 2019 average realised rough diamond price decreased by 7% to $151/carat (H1 2018: $162/carat),
which was driven by a 4% reduction in the average rough price index and a change in the sales mix in response
to weaker conditions.
Full Year Guidance
Production guidance(1) is revised to ~31 million carats, the lower end of the previous range (31-33 million
carats), in response to weaker trading conditions experienced in the period.
(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).
Q2 2019 Q2 2019 H1 2019
De Beers(1) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Carats recovered (000 carats)
100% basis (unless stated)
Jwaneng 3,223 3,336 2,744 3,143 3,025 (3)% 7% 6,559 6,009 9%
Orapa(2) 2,495 2,614 3,602 2,556 3,254 (5)% (23)% 5,109 6,078 (16)%
Botswana (Debswana) 5,718 5,950 6,346 5,699 6,279 (4)% (9)% 11,668 12,087 (3)%
Debmarine Namibia 245 364 400 322 349 (33)% (30)% 609 714 (15)%
Namdeb (land operations) 90 119 105 138 166 (24)% (46)% 209 330 (37)%
Namibia (Namdeb Holdings) 335 483 505 460 515 (31)% (35)% 818 1,044 (22)%
Venetia 571 382 1,141 1,178 922 49% (38)% 953 1,931 (51)%
Voorspoed - - 93 159 96 n/a (100)% - 180 (100)%
South Africa (DBCM) 571 382 1,234 1,337 1,018 49% (44)% 953 2,111 (55)%
Gahcho Kue (51% basis) 883 808 789 927 985 9% (10)% 1,691 1,822 (7)%
Victor 192 229 254 251 200 (16)% (4)% 421 431 (2)%
Canada 1,075 1,037 1,043 1,178 1,185 4% (9)% 2,112 2,253 (6)%
Total carats recovered 7,699 7,852 9,128 8,674 8,997 (2)% (14)% 15,551 17,495 (11)%
Sales volumes
Total sales volume (100)% (Mct)(3) 9.0 7.5 9.9 5.0 10.0 20% (10)% 16.5 18.8 (12)%
Consolidated sales volume (Mct)(3) 8.3 7.2 9.3 4.6 9.4 15% (12)% 15.5 17.8 (13)%
Number of Sights (sales cycles) 3 2 3 2 3 5 5
(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).
COPPER
Q2 2019 Q2 2019 H1 2019
Copper(1) (tonnes) Q2 Q2 vs. Q1 vs. vs.
2019 2018 Q2 2018 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Los Bronces 91,200 89,700 2% 91,700 (1)% 182,900 174,700 5%
Collahuasi (44% share) 54,700 54,700 0% 57,300 (5)% 112,000 115,300 (3)%
El Soldado 13,200 13,600 (3)% 12,100 9% 25,300 22,900 10%
Total Copper 159,100 158,000 1% 161,100 (1)% 320,200 312,900 2%
(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 to 159,100 tonnes, reflecting strong performance at both Los Bronces and Collahuasi.
Production from Los Bronces increased by 2% to 91,200 tonnes, driven by planned higher grades (0.81% vs.
0.76%). The operation has experienced a reduction in water availability and storage due to the ongoing drought
affecting Chile's central region, with the first half of 2019 being one of the driest autumns ever recorded. While
production losses are expected to be largely mitigated for 2019, low precipitation levels over the Chilean winter
and spring remain a risk for 2020.
At Collahuasi, attributable production was in line with Q2 2018 at 54,700 tonnes with planned lower grades
(1.21% vs. 1.34%) offset by a strong plant performance. The planned three month shut down, to replace a
stator motor at the second ball mill on Line 3 (Line 3 has two ball mills and is responsible for 60% of plant
throughput), was completed successfully at the end of June.
H1 2019 sales volumes were 307,300 tonnes, at an average realised price of 280c/lb ($6,173/t), in line with
the average LME price.
Full Year Guidance
Production guidance is unchanged at 630,000-660,000 tonnes.
Q2 2019 Q2 2019 H1 2019
vs. vs. vs.
Copper(1) Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H2 2018
Los Bronces mine(2)
Ore mined 17,302,500 15,678,600 12,675,800 13,019,000 17,837,300 10% (3)% 32,981,100 33,512,600 (2)%
Ore processed - Sulphide 11,813,600 12,070,800 12,669,900 13,089,300 12,346,700 (2)% (4)% 23,884,400 24,823,800 (4)%
Ore grade processed -
Sulphide (% TCu)(3) 0.81 0.80 0.81 0.76 0.76 1% 7% 0.81 0.73 11%
Production - Copper cathode 9,300 9,600 10,200 10,300 10,000 (3)% (7)% 18,900 18,500 2%
Production - Copper in concentrate 81,900 82,100 88,800 85,500 79,700 (0)% 3% 164,000 156,200 5%
Total production 91,200 91,700 99,000 95,800 89,700 (1)% 2% 182,900 174,700 5%
Collahuasi 100% basis
(Anglo American share 44)%
Ore mined 23,698,300 15,642,800 14,781,300 13,791,400 11,454,400 51% 107% 39,341,100 23,313,700 69%
Ore processed - Sulphide 11,626,100 13,299,600 13,638,400 12,332,800 10,605,100 (13)% 10% 24,925,700 23,499,300 6%
Ore grade processed -
Sulphide (% TCu)(3) 1.21 1.16 1.28 1.33 1.34 4% (10)% 1.18 1.29 (9)%
Production - copper in
concentrate 124,400 130,200 157,400 139,700 124,500 (4)% 0% 254,600 262,100 (3)%
Anglo American's share of copper
production for Collahuasi(4) 54,700 57,300 69,200 61,500 54,700 (5)% 0% 112,000 115,300 (3)%
El Soldado mine(2)
Ore mined 3,017,800 3,089,000 3,233,900 3,361,000 2,905,800 (2)% 4% 6,106,800 5,018,300 22%
Ore processed - Sulphide 1,861,900 1,809,900 1,951,600 2,036,000 1,825,000 3% 2% 3,671,800 3,610,600 2%
Ore grade processed -
Sulphide (% TCu)(3) 0.92 0.84 0.94 0.87 0.90 10% 2% 0.88 0.79 12%
Production - copper in
concentrate 13,200 12,100 15,300 14,500 13,600 9% (3)% 25,300 22,900 10%
Chagres Smelter(2)
Ore smelted 32,100 30,300 30,900 37,700 39,300 6% (18)% 62,400 74,000 (16)%
Production 31,200 29,500 30,100 36,900 38,400 6% (19)% 60,700 72,200 (16)%
Total copper production(5) 159,100 161,100 183,500 171,800 158,000 (1)% 1% 320,200 312,900 2%
Total payable copper production 153,100 155,000 177,100 165,700 152,600 (1)% 0% 308,100 301,700 2%
Total sales volumes 165,400 141,900 205,800 159,900 174,400 17% (5)% 307,300 306,000 0%
Total payable sales volumes 159,100 136,500 198,400 154,200 168,400 17% (6)% 295,600 295,100 0%
Third party sales(6) 88,800 53,400 50,400 51,800 40,700 66% 118% 142,200 71,500 99%
(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) Total copper production includes Anglo American's 44% interest in Collahuasi.
(6) Relates to sales of copper not produced by Anglo American operations.
PLATINUM GROUP METALS (PGMs)
Q2 2019 Q2 2019 H1 2019
Q2 Q2 vs. Q1 vs. vs.
2019 2018 Q2 2018 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Platinum (000 oz)(1)
Metal in concentrate production(2) 520.3 507.5 3% 471.9 10% 992.2 1,005.6 (1)%
Own mined(3) 342.8 340.2 1% 321.9 6% 664.7 683.2 (3)%
Purchase of concentrate (POC)(2)(4) 177.5 167.3 6% 150.0 18% 327.5 322.4 2%
POC now under tolling
arrangement(5) - 112.1 (100)% - n/a - 227.8 (100)%
Palladium (000 oz)(1)
Metal in concentrate production(2) 347.2 349.8 (1)% 326.6 6% 673.8 698.9 (4)%
Own mined(3) 260.5 260.8 0% 250.9 4% 511.4 528.3 (3)%
Purchase of concentrate (POC)(2)(4) 86.7 89.0 (3)% 75.7 14% 162.4 170.6 (5)%
POC now under tolling
arrangement(5) - 56.2 (100)% - n/a - 114.3 (100)%
Platinum 000 oz(1)(6) 590.9 572.7 3% 411.7 44% 1,002.6 1,075.3 (7)%
Palladium 000 oz(1)(6) 428.2 366.7 17% 293.6 46% 721.8 686.5 5%
Rhodium 000 oz(1)(6) 84.1 73.8 14% 52.0 62% 136.1 136.3 0%
Gold 000 oz(1)(6) 21.3 27.3 (22)% 24.0 (11)% 45.3 50.2 (10)%
Nickel t(6) 5,600 5,700 (2)% 4,200 33% 9,800 10,800 (9)%
Copper t(6) 3,500 4,000 (13)% 3,200 9% 6,700 7,200 (7)%
Tolled material
Platinum 000 oz(1) 97.9 - n/a - n/a 97.9 - n/a
Palladium 000 oz(1) 49.1 - n/a - n/a 49.1 - n/a
(1) Ounces refer to troy ounces.
(2) Excluding purchase of concentrate volumes now treated under tolling arrangement.
(3) Includes managed operations and 50% of joint venture production.
(4) Includes 50% of joint venture production, and the purchase of concentrate from associates (BRPM prior to its disposal) and third parties.
(5) Comparative periods include purchase of concentrate volumes now under tolling arrangement.
(6) Refined production excludes toll material but includes in comparative periods material now transitioned to tolling.
Platinum production increased by 3% to 520,300 ounces while palladium production decreased by 1% to
347,200 ounces: both numbers exclude the impact of the transition of Sibanye-Stillwater Rustenburg material
to a tolling arrangement in 2019.
Own mined production
Own mined platinum production increased by 1% to 342,800 ounces and palladium production is in line with
Q2 2018 at 260,500 ounces.
Mogalakwena platinum production decreased by 4% to 127,900 ounces and palladium production by 4% to
139,500 ounces primarily due to mining through a higher waste area, as well as a decrease in concentrator
throughput and recoveries.
Amandelbult platinum production is in line with the same period in the prior year at 116,600 ounces, while
palladium production increased by 3% to 53,700 ounces. The development and ramp-up of the Dishaba
section continues, resulting in an 18% improvement compared to Q1 2019.
Unki platinum production increased by 11% to 23,100 ounces and palladium by 14% to 20,900 ounces due to
improved underground mining efficiencies as well as improved concentrator throughput, mill run-time and
higher recoveries.
On a 100% basis, Mototolo platinum production decreased by 32% to 23,000 ounces and palladium production
by 33% to 14,000 ounces due to two weeks of unprotected industrial action (impact of 4,000 platinum ounces
and 2,500 palladium ounces) and lower grades. Furthermore, Q2 2018 included additional production treated
at Bokoni.
Joint venture platinum production, excluding Mototolo, decreased by 1% to 104,400 ounces (of which 52,200
ounces was own mined production and 52,200 ounces was purchased concentrate) and palladium production
decreased by 6% to 64,800 ounces (of which 32,400 ounces was own mined production and 32,400 ounces
was purchased concentrate). This was driven by safety stoppages at Modikwa, partly offset by increased
production at Kroondal. Including Mototolo, joint venture platinum production decreased by 25% and palladium
production decreased by 28%, due to the acquisition of the remaining 50% of Mototolo in November 2018,
after which it ceased to be a joint venture.
Purchase of concentrate
Purchase of platinum in concentrate increased by 6% to 177,500 ounces and palladium decreased by 3% to
86,700 ounces due to higher production at Bafokeng-Rasimone Platinum Mine and Union, offset by lower
production from joint ventures as outlined above.
Refined production and sales volumes
Refined platinum production1 increased by 20% to 559,000 ounces and refined palladium production1
increased by 31% to 410,800 ounces. The increase was driven by improved operational performance at the
converter plant.
Platinum sales volumes1 increased by 8% to 557,800 ounces and palladium sales volumes1 increased by 31%
to 451,300, in line with refined production.
Full Year Guidance
Production guidance (metal in concentrate) remains unchanged at 2.0-2.1 million ounces of platinum and 1.3-
1.4 million ounces of palladium.
Q2 2019 Q2 2019 H1 2019
Platinum Q2 Q1 Q4 Q3 Q2 vs. Q1 vs. vs.
2019 2019 2018 2018 2018 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Produced platinum
(000 oz)(1) 520.3 471.9 485.4 529.5 507.5 10% 3% 992.2 1,005.6 (1)%
Own mined 342.8 321.9 307.5 332.9 340.2 6% 1% 664.7 683.2 (3)%
Mogalakwena 127.9 130.4 108.4 113.9 133.4 (2)% (4)% 258.3 272.9 (5)%
Amandelbult 116.6 98.5 96.5 126.0 116.3 18% 0% 215.1 220.2 (2)%
Unki 23.1 19.3 22.0 22.4 20.9 20% 11% 42.4 41.4 2%
Mototolo(2) 23.0 26.8 17.5 - - (14)% n/a 49.8 - n/a
Joint ventures(2) 52.2 46.9 63.1 70.6 69.6 11% (25)% 99.1 137.1 (28)%
Union - - - - - n/a n/a - 11.6 (100)%
Purchase of concentrate(3) 177.5 150.0 177.9 196.6 167.3 18% 6% 327.5 322.4 2%
Joint ventures(2) 52.2 46.9 63.1 70.6 69.6 11% (25)% 99.1 137.1 (28)%
Associates(4) - - 46.9 66.7 54.3 n/a (100)% - 106.5 (100)%
Third parties(3) 125.3 103.1 67.9 59.3 43.4 22% 189% 228.4 78.7 190%
POC now under tolling
arrangements(5) - - 116.9 119.5 112.1 n/a (100)% - 227.8 (100)%
Palladium
Produced palladium
(000 oz)(1) 347.2 326.6 328.5 351.4 349.8 6% (1)% 673.8 698.9 (4)%
Own mined 260.5 250.9 234.8 250.2 260.8 4% 0% 511.4 528.3 (3)%
Mogalakwena 139.5 141.5 118.2 127.1 145.1 (1)% (4)% 281.0 295.5 (5)%
Amandelbult 53.7 44.9 44.9 57.3 52.2 20% 3% 98.6 102.9 (4)%
Unki 20.9 17.0 19.6 19.7 18.4 23% 14% 37.9 36.2 5%
Mototolo(2) 14.0 16.3 10.9 - - (14)% n/a 30.3 - n/a
Joint ventures(2) 32.4 31.2 41.2 46.1 45.1 4% (28)% 63.6 88.5 (28)%
Union - - - - - n/a n/a - 5.2 (100)%
Purchase of concentrate(3) 86.7 75.7 93.7 101.2 89.0 15% (3)% 162.4 170.6 (5)%
Joint ventures(2) 32.4 31.2 41.2 46.1 45.1 4% (28)% 63.6 88.5 (28)%
Associates(4) - - 19.3 27.2 22.0 n/a (100)% - 43.8 (100)%
Third parties(3) 54.3 44.5 33.2 27.9 21.9 22% 148% 98.8 38.3 158%
POC now under tolling
arrangements(5) - - 58.1 59.4 56.2 n/a (100)% - 114.3 (100)%
Refined production
Platinum (000 oz)(1)(6) 590.9 411.7 770.9 556.2 572.7 44% 3% 1,002.6 1,075.3 (7)%
Palladium (000 oz)(1)(6) 428.2 293.6 493.8 321.5 366.7 46% 17% 721.8 686.5 5%
Rhodium (000 oz)(1)(6) 84.1 52.0 91.3 65.2 73.8 62% 14% 136.1 136.3 0%
Gold (000 oz)(1)(6) 21.3 24.0 27.9 27.4 27.3 (11)% (22)% 45.3 50.2 (10)%
Nickel (tonnes)(6) 5,600 4,200 6,700 5,600 5,700 33% (2)% 9,800 10,800 (9)%
Copper (tonnes)(6) 3,500 3,200 4,200 2,900 4,000 9% (13)% 6,700 7,200 (7)%
Tolled material
Platinum (000 oz)(1) 97.9 - - - - n/a n/a 97.9 - n/a
Palladium (000 oz)(1) 49.1 - - - - n/a n/a 49.1 - n/a
Platinum sales volumes
(000 oz)(1)(8) 595.2 414.2 776.9 530.1 636.4 44% (6)% 1,009.4 1,117.1 (10)%
Palladium sales volumes
(000 oz)(1)(8) 475.9 292.1 455.3 324.3 405.3 63% 17% 768.0 733.5 5%
Platinum 3rd party sales
volumes (000 oz)(1)(9) 13.0 5.0 1.5 26.9 45.8 160% (72)% 18.0 65.6 (73)%
Palladium 3rd party sales
volumes (000 oz)(1)(9) 81.0 58.7 16.5 55.0 45.0 38% 80% 139.7 53.0 164%
4E head grade (g/t milled)(7) 3.55 3.58 3.38 3.58 3.60 (1)% (1)% 3.57 3.52 1%
(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'. Mototolo is 100% owned from 1 November 2018.
(3) Excluding purchase of concentrate volumes now treated under tolling arrangement.
(4) 33% interest in BRPM until its sale effective 11 December 2018.
(5) Comparative periods include purchase of concentrate volumes now under tolling arrangement.
(6) Refined production excludes tolled material.
(7) 4E: the grade measured as the combined content of: platinum, palladium, rhodium and gold, excludes tolled material.
(8) Sales from own mined and purchased concentrate, excludes refined metal purchased from third parties.
(9) Relates to sales of metal not produced by Anglo American operations.
IRON ORE
Q2 2019 Q2 2019 H1 2019
Iron Ore (000 t) Q2 Q2 vs. Q1 vs. vs.
2019 2018 Q2 2018 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Kumba 10,544 11,572 (9)% 9,516 11% 20,060 22,427 (11)%
Minas-Rio(1) 5,915 106 n/a 4,910 20% 10,825 3,155 n/a
(1) Wet basis.
Kumba - Production decreased by 9% to 10.5 million tonnes as a result of reductions at both Sishen and
Kolomela due to unscheduled plant maintenance. Subsequent improvements in plant stability resulted in an
11% increase in production in Q2 2019 compared with Q1 2019.
Sishen's production decreased by 8% to 7.3 million tonnes due to unscheduled plant maintenance, while waste
movement decreased as planned by 6% to 41.8 million tonnes. Kolomela's production decreased by 11% to
3.2 million tonnes, due to extended maintenance at the dense media separation plant, while waste movement
increased as planned by 38% to 18.1 million tonnes.
Total sales remained broadly flat at 10.5 million tonnes, with a 2% increase in export sales to 9.8 million tonnes
due to an improvement in rail performance, partially offset by the impact on shipments of poor weather
conditions in June. Finished stock at 30 June 2019 was 4.5 million tonnes, slightly higher compared with 4.2
million tonnes at 31 March 2019.
In the first half of 2019 the ratio of lump to fines in Kumba product was 68:32.
Minas-Rio - Production of 5.9 million tonnes was driven by a strong operational performance that reflects the
optimisation work undertaken during 2018 while operations were suspended, and access to higher grade ore
in the Step 3 mining area.
Construction of a tailings dam lift is under way and is expected to be complete in Q3 2019. The conversion of
the installation licence to an operating licence for this lift is expected by year-end, subject to approval by the
Minas Gerais state government in Brazil.
Full Year Guidance
Production guidance for Kumba has been revised to 42-43 million tonnes (previously 43-44 million tonnes) due
to unscheduled plant maintenance in the first six months of the year.
Minas-Rio production guidance for 2019 is increased to 19-21 million tonnes (previously 18-20 million tonnes)
based on the strong performance in the first six months of the year.
Q2 2019 Q2 2019 H1 2019
Iron Ore (tonnes) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Kumba production 10,544,000 9,516,300 10,170,200 10,508,400 11,572,000 11% (9)% 20,060,400 22,427,000 (11)%
Lump 7,111,400 6,544,600 6,878,600 7,159,800 7,889,600 9% (10)% 13,656,100 15,133,100 (10)%
Fines 3,432,600 2,971,700 3,291,600 3,348,600 3,682,400 16% (7)% 6,404,300 7,293,900 (12)%
Kumba production by
mine
Sishen 7,310,400 6,446,600 6,960,500 7,030,600 7,930,300 13% (8)% 13,757,000 15,254,900 (10)%
Kolomela 3,233,600 3,069,700 3,209,700 3,477,800 3,641,700 5% (11)% 6,303,300 7,172,100 (12)%
Kumba sales
volumes
Export iron ore 9,755,600 10,130,600 10,723,200 9,736,700 9,560,100 (4)% 2% 19,886,200 19,505,800 2%
Domestic iron ore 716,300 748,000 868,200 755,600 781,900 (4)% (8)% 1,464,300 1,667,300 (12)%
Minas-Rio production
Pellet feed (wet basis) 5,915,500 4,909,700 226,700 - 105,800 20% n/a 10,825,200 3,155,200 n/a
Minas-Rio sales
volumes
Export - pellet feed
(wet basis) 6,590,400 4,031,400 - - 320,800 63% n/a 10,621,800 3,216,800 n/a
COAL
Q2 2019 Q2 2019 Q1 2019
Coal(1) (000 t) Q2 Q2 vs. Q1 vs. vs.
2019 2018 Q2 2018 2019 Q1 2019 H1 2019 H1 2018 Q4 2018
Metallurgical Coal (Australia) 5,844 5,262 11% 4,156 41% 10,000 10,801 (7)%
Export Thermal Coal (Australia) 245 290 (15)% 339 (28)% 584 499 17%
Export Thermal Coal (South Africa)(2) 4,575 4,440 3% 4,417 4% 8,992 8,767 3%
Export Thermal Coal (Colombia) 2,017 2,762 (27)% 2,199 (8)% 4,216 5,206 (19)%
Domestic Thermal Coal
(South Africa) 2,624 2,780 (6)% 2,290 15% 4,914 7,750 (37)%
(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.
Metallurgical Coal - Export metallurgical coal production increased by 11% to 5.8 million tonnes, due to a
larger impact from longwall moves in Q2 2018 and an additional shovel at the Capcoal open cut operation.
Longwall moves in the second half of 2019 are not expected to impact production materially.
In the second quarter, the ratio of hard coking coal production to PCI/semi-soft coking coal was approximately
85:15 (first half: 82:18, lower due to longwall moves at hard coking coal operations).
Thermal Coal South Africa - Export thermal coal production increased by 3% to 4.6 million tonnes, with solid
operational performance across the portfolio offsetting planned decreases in production from sections
approaching end of life at Khwezela and Goedehoop.
Domestic thermal coal production decreased by 6% to 2.6 million tonnes as coal from mineral residue deposits
became less economic at prevailing prices.
Thermal Coal Colombia - Attributable export thermal coal production from Cerrejon decreased by 27% to
2.0 million tonnes due to dust management restrictions.
The weighted average realised price in the first half for export thermal coal from South Africa and Colombia
was $63/t, 9% lower than the weighted average quoted FOB price from South Africa and Colombia due to
weaker market conditions and discounts on lower energy content coal.
Full Year Guidance
Production guidance for metallurgical coal is unchanged at 22-24 million tonnes.
Production guidance for export thermal coal is unchanged at 26-28 million tonnes.
Q2 2019 Q2 2019 H1 2019
Coal, by product (tonnes)(1) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Metallurgical Coal (Australia) 5,843,500 4,156,200 5,647,100 5,382,300 5,261,900 41% 11% 9,999,700 10,801,100 (7)%
Hard Coking Coal 4,958,600 3,265,100 4,864,600 4,545,800 4,534,800 52% 9% 8,223,700 9,388,100 (12)%
PCI / SSCC 884,900 891,100 782,500 836,500 727,100 (1)% 22% 1,776,000 1,413,000 26%
Thermal Coal 9,460,700 9,245,000 10,613,700 10,816,800 10,271,300 2% (8)% 18,705,600 22,221,600 (16)%
Export (Australia) 245,200 338,500 427,600 455,100 289,900 (28)% (15)% 583,700 498,600 17%
Export (South Africa)(2) 4,575,000 4,417,000 4,537,100 5,054,400 4,439,600 4% 3% 8,991,900 8,767,100 3%
Export (Colombia)(3) 2,016,900 2,199,300 2,356,500 2,657,600 2,761,500 (8)% (27)% 4,216,200 5,205,800 (19)%
Domestic (South Africa) 2,623,600 2,290,200 3,292,500 2,649,700 2,780,300 15% (6)% 4,913,800 7,750,100 (37)%
Total coal production 15,304,200 13,401,200 16,260,800 16,199,100 15,533,200 14% (1)% 28,705,300 33,022,700 (13)%
Sales volumes
Metallurgical Coal (Australia) 5,987,300 3,921,700 5,812,700 5,442,800 5,094,500 53% 18% 9,909,000 10,727,400 (8)%
Hard Coking Coal 4,944,300 3,290,600 5,064,200 4,834,100 4,402,800 50% 12% 8,234,900 9,288,300 (11)%
PCI / SSCC 1,043,000 631,100 748,500 608,700 691,700 65% 51% 1,674,100 1,439,100 16%
Thermal Coal 12,046,300 12,265,900 13,700,800 11,782,900 12,904,300 (2)% (7)% 24,312,400 27,132,100 (10)%
Export (Australia) 270,900 451,200 582,200 331,600 357,800 (40)% (24)% 722,100 651,600 11%
Export (South Africa)(2) 4,932,400 4,262,800 5,918,700 3,679,600 4,092,700 16% 21% 9,195,200 8,708,400 6%
Export (Colombia)(3) 2,244,800 2,199,600 2,297,200 2,589,100 2,762,900 2% (19)% 4,444,500 5,243,100 (15)%
Domestic (South Africa) 2,016,700 2,402,800 1,947,500 3,305,800 3,146,500 (16)% (36)% 4,419,500 7,857,500 (44)%
Third party sales 2,581,500 2,949,500 2,955,200 1,876,800 2,544,400 (12)% 1% 5,531,100 4,671,500 18%
(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%.
Q2 2019 Q2 2019 H1 2019
Coal, by operation (tonnes) (1) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Metallurgical Coal (Australia) 5,843,500 4,156,200 5,647,100 5,382,300 5,261,900 41% 11% 9,999,700 10,801,100 (7)%
Moranbah North 1,603,200 239,500 2,485,200 1,275,800 1,064,300 569% 51% 1,842,700 3,001,000 (39)%
Grosvenor 1,032,500 1,333,200 356,100 1,239,800 1,342,000 (23)% (23)% 2,365,700 2,167,600 9%
Capcoal (incl. Grasstree) 1,738,900 1,213,600 1,357,800 1,564,700 1,324,200 43% 31% 2,952,500 2,720,200 9%
Dawson 774,000 633,300 666,100 478,700 714,100 22% 8% 1,407,300 1,248,600 13%
Jellinbah 694,900 736,600 781,900 823,300 817,300 (6)% (15)% 1,431,500 1,663,600 (14)%
Thermal Coal (Australia) 245,200 338,500 427,600 455,100 289,900 (28)% (15)% 583,700 498,600 17%
Capcoal 63,700 64,000 81,000 71,600 66,000 - (3)% 127,700 131,500 (3)%
Dawson 145,200 263,300 320,500 357,700 193,400 (45)% (25)% 408,500 307,900 33%
Jellinbah 36,300 11,200 26,100 25,800 30,500 224% 19% 47,500 59,200 (20)%
Total Australia production 6,088,700 4,494,700 6,074,700 5,837,400 5,551,800 35% 10% 10,583,400 11,299,700 (6)%
Thermal (South Africa)(2)
Goedehoop 1,678,500 1,457,700 1,590,700 1,527,000 1,185,900 15% 42% 3,136,100 2,323,900 35%
Greenside 1,186,700 993,300 1,202,300 1,264,300 941,500 19% 26% 2,180,000 1,985,100 10%
Zibulo 1,394,600 1,319,600 1,681,500 1,468,700 1,553,500 6% (10)% 2,714,100 3,226,600 (16)%
Khwezela 1,463,300 1,333,800 1,522,000 1,468,800 1,297,200 10% 13% 2,797,100 2,541,200 10%
Mafube 443,900 431,800 464,200 402,700 172,100 3% 158% 875,700 277,700 215%
Other(3) - - - 604,100 1,076,700 n/a (100)% - 1,076,700 (100)%
Eskom-tied operations(4) - - - - - n/a n/a - 2,825,500 (100)%
Isibonelo 1,031,600 1,171,000 1,368,900 968,500 993,000 (12)% 4% 2,202,700 2,260,500 (3)%
Total South Africa production 7,198,600 6,707,200 7,829,600 7,704,100 7,219,900 7% 0% 13,905,700 16,517,200 (16)%
Colombia (Cerrejon)(5) 2,016,900 2,199,300 2,356,500 2,657,600 2,761,500 (8)% (27)% 4,216,200 5,205,800 (19)%
Total Coal production 15,304,200 13,401,200 16,260,800 16,199,100 15,533,200 14% (1)% 28,705,300 33,022,700 (13)%
(1) Anglo American's attributable share of production.
(2) Export and domestic production; the Eskom-tied operations and Isibonelo produce exclusively domestic volumes.
(3) Other production comes from the recovery of saleable product from mineral residue deposits.
(4) The sale of the Eskom-tied operations was completed on 1 March 2018.
(5) Anglo American's attributable share of Cerrejon production is 33.3%.
NICKEL
Q2 2019 Q2 2019 H1 2019
Nickel (tonnes) Q2 Q2 vs. Q1 vs. vs.
2019 2018 Q2 2018 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Nickel 9,800 10,800 (9)% 9,800 0% 19,600 19,400 1%
Nickel production decreased by 9% due to the timing of annual planned maintenance.
Full Year Guidance
Production guidance is unchanged at 42,000-44,000 tonnes.
Q2 2019 Q2 2019 H1 2019
Nickel(1) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Barro Alto
Ore mined 1,365,400 888,000 816,500 1,640,400 1,208,800 54% 13% 2,253,400 2,210,300 2%
Ore processed 519,000 525,400 607,300 620,900 588,200 (1)% (12)% 1,044,500 1,035,900 1%
Ore grade processed - %Ni 1.67 1.67 1.74 1.73 1.67 0% 0% 1.67 1.67 0%
Production 7,600 7,700 9,100 9,400 8,600 (1)% (12)% 15,200 15,100 1%
Codemin
Ore mined 39,000 - 8,400 - - 100% 100% 39,000 - 100%
Ore processed 148,900 139,900 150,600 139,100 150,600 6% (1)% 288,800 291,800 (1)%
Ore grade processed - %Ni 1.62 1.62 1.68 1.69 1.62 0% 0% 1.62 1.64 (1)%
Production 2,300 2,100 2,300 2,100 2,200 10% 5% 4,400 4,300 2%
Total Nickel segment nickel
production 9,800 9,800 11,400 11,500 10,800 - (9)% 19,600 19,400 1%
Sales volumes 8,800 9,800 12,600 10,400 10,800 (10)% (19)% 18,600 20,100 (7)%
(1) Excludes nickel production from the PGMs business unit.
MANGANESE
Q2 2019 Q2 2019 H1 2019
Manganese (000 t) Q2 Q2 vs. vs. vs.
2019 2018 Q2 2018 Q1 2019 Q1 2019 H1 2019 H1 2018 H1 2018
Manganese ore(1) 826 866 (5)% 874 (5)% 1,700 1,747 (3)%
Manganese alloys(1)(2) 41 43 (4)% 35 17% 76 84 (9)%
(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.
Manganese ore production decreased by 5% to 826,100 tonnes.
Manganese alloy production decreased by 4% to 41,200 tonnes.
Q2 2019 Q2 2019 H1 2019
Manganese (tonnes) Q2 Q1 Q4 Q3 Q2 vs. vs. vs.
2019 2019 2018 2018 2018 Q1 2019 Q2 2018 H1 2019 H1 2018 H1 2018
Samancor
Manganese ore(1) 826,100 874,000 971,900 887,600 866,200 (5)% (5)% 1,700,100 1,747,000 (3)%
Manganese alloys(1)(2) 41,200 35,200 38,000 34,800 42,800 17% (4)% 76,400 84,000 (9)%
Samancor sales volumes
Manganese ore 958,400 843,400 959,800 840,400 910,100 14% 5% 1,801,800 1,734,300 (4)%
Manganese alloys 44,800 30,100 44,000 30,400 48,400 49% (7)% 75,000 86,700 (13)%
(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.
EXPLORATION AND EVALUATION
Exploration and evaluation expenditure was unchanged at $70 million. Exploration expenditure increased by
15% to $31 million driven by increased spend in De Beers and Metallurgical Coal. Evaluation expenditure
decreased by 13% to $39 million driven by reduced spend in PGMs and Diamonds.
CORPORATE ACTIVITY AND OTHER ITEMS
As previously reported, the Copper business gave notice to terminate a long-term power supply contract. This
resulted in a one-off negative impact of $179 million in special items. This is expected to result in improved
cost performance in the medium and long term and support a transition to renewable sources of power.
REALISED PRICES SUMMARY
H1 2019 H1 2019
Average realised prices vs. vs.
H1 2019 H2 2018 H1 2018 FY 2018 H1 2018 H2 2018
De Beers
Total sales volumes (100)% (Mct)(1) 16.5 14.9 18.8 33.7 (12)% 11%
Consolidated sales volumes
(Mct)(1) 15.5 13.9 17.8 31.7 (13)% 12%
Consolidated average realised
price ($/ct)(2) 151 182 162 171 (7)% (17)%
Average price index(3) 118 122 123 123 (4)% (3)%
PGMs
Platinum (US$/oz) 831 816 932 871 (11)% 2%
Palladium (US$/oz) 1,400 1,051 1,005 1,029 39% 33%
Rhodium (US$/oz) 2,840 2,429 1,938 2,204 47% 17%
Basket price (US$/Pt oz) 2,685 2,135 2,318 2,219 16% 26%
Copper (USc/lb)(4) 280 268 297 283 (6)% 4%
Iron Ore - FOB prices
Kumba Export (US$/dmt)(5) 108 76 69 72 57% 42%
Minas-Rio (US$/wmt)(6) 92 - 70 70 31% n/a
Coal
Australia
Metallurgical - HCC (US$/t)(7) 195 191 198 194 (2)% 2%
Metallurgical - PCI (US$/t)(7) 123 128 129 128 (5)% (4)%
Thermal - Export (US$/t) 88 105 99 103 (11)% (16)%
South Africa
Thermal - Export (US$/t)(8) 64 87 88 87 (27)% (26)%
Thermal - Domestic (US$/t, FOR)(9) 15 18 20 19 (25)% (17)%
Colombia
Thermal - Export (US$/t) 62 87 79 83 (22)% (29)%
Nickel (USc/lb) 563 541 632 588 (11)% 4%
(1) Consolidated sales volumes exclude De Beers' JV partners' 50% proportionate share of sales to entities outside De Beers from the Diamond Trading Company Botswana and
the Namibia Diamond Trading Company, which are included in total sales volume (100% basis).
(2) Consolidated average realised price based on 100% selling value post-aggregation.
(3) Average of the De Beers price index for the Sights within the six-month period. The De Beers price index is relative to 100 as at December 2006.
(4) The realised price for Copper excludes third party sales volumes.
(5) Average realised export basket price (FOB Saldanha).
(6) Average realised export basket price (FOB Acu) (wet basis).
(7) Weighted average metallurgical coal sales price achieved.
(8) Weighted average export thermal coal price achieved. Excludes third party sales.
(9) Weighted average domestic thermal coal price achieved on all domestic thermal coal sales.
NOTES
- This Production Report for the quarter ended 30 June 2019 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 commodity'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.
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
South Africa Emma Waterworth
Pranill Ramchander emma.waterworth@angloamerican.com
pranill.ramchander@angloamerican.com Tel: +44 (0)20 7968 8574
Tel: +27 (0)11 638 2592
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Forward-looking statements:
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 Resources), 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 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 "Takeover Code"), 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 third party information.
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, more electrified 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, nickel
and manganese - 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)
18 July 2019
Date: 18/07/2019 08:00:00
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