Wrap Text
Anglo American Platinum safely completes the ACP Phase A rebuild
NEWS RELEASE
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
7 December 2020
Anglo American Platinum safely completes the ACP Phase A rebuild
Anglo American plc notes the announcement by Anglo American Platinum Limited released today
to the Johannesburg stock exchange. The text of the announcement is copied below:
Anglo American Platinum has safely and successfully completed the rebuild of the Anglo
Converter Plant (ACP) Phase A unit, with first converter matte ready to dispatch to our Base
Metals Refinery for the next stage of processing. The ACP Phase A is now in ramp-up and on
track to be operating at full capacity by the end of the year.
Natascha Viljoen, CEO of Anglo American Platinum, commented:
“The ACP operations and projects teams have done an extraordinary job in safely completing the
rebuild and recommissioning of the ACP Phase A unit. We were able to procure and deliver long
lead-time items to site six months ahead of schedule, despite the impact of Covid-19 on supply
chains, enabling us to bring forward the rebuild to the end of 2020, ahead of our initial
expectations of Q2 2021. First converter matte is now ready to be dispatched, allowing us to re-
establish the processing pipeline to finished metals. I am also pleased that our marketing team
has worked tirelessly with our customers to mitigate the impact of the interruption and manage
our contractual obligations during this period.”
As a result of the early completion and a safe and stable restart, the Company has upgraded
refined production guidance for 2020 to between 2.6 – 2.7 million PGM ounces (previously c.2.5
million PGM ounces)1. Sales volumes have also been upgraded to c.2.8 million PGM ounces, as
minor metal refined inventories have been drawn down. The release of the work -in-progress
inventory built up in 2020 is expected to take up to 24 months.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Marcelo Esquivel Robert Greenberg
marcelo.esquivel@angloamerican.com robert.greenberg@angloamerican.com
Katie Ryall Emma Waterworth
katie.ryall@angloamerican.com emma.waterworth@angloamerican.com
South Africa
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Nomonde Ndwalaza
Nomonde.ndwalaza@angloamerican.com
Notes to editors:
*Unaudited EBITDA impact of the ACP Phase B shut-down in November 2020 to first matte
dispatched at ACP Phase A is approximately R5-6 billion, assuming spot prices at the end of
October 2020.
The ACP plant is a key part of Anglo American Platinum’s PGM production process, treating
furnace matte from the company’s smelters. At the ACP plant, sulphur and iron contained in the
furnace matte from the smelters are converted to sulphur dioxide and slag. The resulting
converter matte is then slow-cooled to concentrate PGMs into a metallic fraction. From the ACP,
material moves to the Magnetic Concentration Plant (MCP), where the converter matte is milled
and the PGM fraction is separated magnetically. The PGM-bearing material then moves from the
MCP to the Precious Metals Refinery (PMR), where the PGMs are separated and purified to yield
platinum, palladium, iridium, rhodium, ruthenium and gold.
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.
www.angloamerican.com
Legal Entity Identifier: 549300S9XF92D1X8ME43
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: 07-12-2020 11:33:00
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