ANGLO AMERICAN PLC - Anglo American starts up new Aquila metallurgical coal mine

Anglo American starts up new Aquila metallurgical coal mine

Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

News Release

9 February 2022

Anglo American starts up new Aquila metallurgical coal mine

Anglo American plc (“Anglo American”) announces that its new Aquila mine has achieved its first longwall
shear of steelmaking metallurgical coal on schedule and on budget, marking the project’s final stages of
construction and commissioning.

The Aquila mine, located near Middlemount in Central Queensland in Australia, extends the life of Anglo
American’s existing Capcoal underground operations by seven years, after the company’s nearby
Grasstree mine reached its end of life in recent weeks.

Themba Mkhwanazi, CEO of Bulk Commodities, said: “We have delivered the Aquila project on time and
within our budgeted attributable cost of $226 million. This new mine will have a total average annual
saleable production of around five million tonnes of premium quality hard coking coal and benefits from
low capital intensity as we are using the existing infrastructure and systems from our adjacent operations.
Aquila offers us highly attractive returns and margins at conservative long term consensus prices.”

Tyler Mitchelson, CEO of Anglo American’s Metallurgical Coal business, said: “Safely starting up longwall
mining at Aquila Mine on our original schedule, despite the effects of the pandemic, is an important
milestone for our Metallurgical Coal business and will support our ongoing contribution to both the
Middlemount community, and Queensland’s economy. The mine uses our existing infrastructure at our
Capcoal complex and supports around 600 ongoing operational roles for our Queensland-based
workforce, including providing continuity of employment for our Grasstree mining team.”

The Aquila Mine has been developed as one of Australia’s most technologically advanced underground
mines, leveraging Anglo American’s advancements in underground automation technology, remote
operations and data analytics. The mine features two longwalls, allowing operations to continue without
the downtime that is usually required for longwall moves. Both longwalls are fully remote-capable and
will be sequentially operated from a site-based remote operations centre on the surface of the mine.

Anglo American’s Capcoal complex comprises Capcoal Open Cut Mine, Grasstree Mine, Aquila Mine, the
Coal Handling and Preparation Plant and associated infrastructure. Aquila is owned 70% by Anglo
American and 30% by Mitsui & Co. Ltd.


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                                            Juliet Newth
marcelo.esquivel@angloamerican.com                          juliet.newth@angloamerican.com
Tel: +44 (0)20 7968 8891                                    Tel: +44 (0)20 7968 8830

Katie Ryall                                                 Michelle Jarman
katie.ryall@angloamerican.com                               michelle.jarman@angloamerican.com
Tel: +44 (0)20 7968 8935                                    Tel: +44 (0)20 7968 1494

South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)11 638 3189

Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175

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)

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, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development
– we are committed to being carbon neutral across our operations by 2040. More broadly, our
Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a corporate leader. We work together
with our business partners and diverse stakeholders to unlock enduring 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

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, 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
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
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, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
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 courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets 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 document. 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 document 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 document is sourced from publicly available third party sources. As such it has
not been independently verified and presents the views of those third parties, but 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.

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 09-02-2022 09:00:00
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