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ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum updates guidance in line with the Anglo American plc Investor Update

Release Date: 10/12/2019 13:00
Code(s): AMS     PDF:  
Wrap Text
Anglo American Platinum updates guidance in line with the Anglo American plc Investor Update

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")

Anglo American Platinum updates guidance in line with the Anglo American plc Investor Update

Anglo American Platinum refers shareholders to the Anglo American plc briefing for investors and
analysts which includes updated production guidance for the financial years to 2022:


Platinum production (M&C):
2019F: In line with guidance of 2.0 – 2.1 Moz
2020F: 2.0 - 2.2 Moz (unchanged)
2021F: 2.0 - 2.2 Moz (unchanged)
2022F: 2.0 - 2.2 Moz (new guidance)


Palladium production (M&C):
2019F: In line with guidance of 1.3 – 1.4 Moz
2020F: c. 1.4 Moz (previously 1.3 – 1.4 Moz)
2021F: c. 1.4 Moz (previously 1.3 – 1.4 Moz)
2022F: 1.4 -1.5 Moz (new guidance)

Anglo American Platinum’s unit cost guidance for 2019 of between R21,000 to R22,000 per platinum
ounce produced (M&C) will likely exceed the upper end of guidance to between R22,000 and R22,300
per platinum ounce produced (M&C), which could be further impacted by current power outages as
Eskom implements load shedding.

The presentation will start at 12:00 UK time / 14:00 SA time today (10 December 2019) and is available
on the Anglo American plc website at https://www.angloamerican.com/investors/investor-
presentations/2019.

This announcement contains forward-looking statements which are based on the Company’s current
beliefs and expectations about future events. The operational and financial forecasts provided in this
announcement are estimates and have not been reviewed and reported on by the Company’s external
auditors.

Johannesburg, South Africa
10 December 2019

Sponsor
Merrill Lynch South Africa Proprietary Limited
For further information, please contact:


Investors:                                       Media:
Emma Chapman                                     Jana Marais
(SA) +27 (0) 11 373 6239                         (SA) +27 (0)79 932 1586
emma.chapman@angloamerican.com                   jana.marais@angloamerican.com



Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a leading primary
producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange
(JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world,
the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum has a number of joint
ventures with several historically disadvantaged South African consortia as part of its commitment to
the transformation of the mining industry. Anglo American Platinum is committed to the highest
standards of safety and continues to make a meaningful and sustainable difference in the development
of the communities around its operations.

www.angloamericanplatinum.com

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

Date: 10-12-2019 01:00:00
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