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ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum updates response to South Africas COVID-19 measures

Release Date: 27/03/2020 09:09
Code(s): AMS     PDF:  
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Anglo American Platinum updates response to South Africa’s COVID-19 measures

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 response to South Africa’s COVID-19 measures

Anglo American Platinum refers shareholders to the SENS announcement released on 24 March 2020,
which notes the statement made by the President of the Republic of South Africa on 23 March in relation
to a 21-day nationwide lockdown, to take effect at midnight on Thursday 26 March, in order to help curb
the spread of COVID-19 in South Africa.

Anglo American Platinum remains unconditional about safety and the health and wellbeing of employees
and contractors remains our core priority. The Company has started the controlled ramp down of its
underground mining operations at Amandelbult, the Modikwa JV and the Kroondal JV, as well as the
Mortimer smelter and Waterval smelter (which receives concentrate from those operations), in order to
place them safely into care and maintenance for the period of the lockdown.

In line with South African government regulations, Anglo American Platinum has assessed the ability to
continue some operations on a reduced basis. Subject to further planning, mining operations at the open-
pit Mogalakwena mine, and at the mechanised Mototolo mine may continue on a reduced basis.
Polokwane smelter will also operate to smelt this material into furnace matte. Following a thorough risk
assessment to determine the safety of employees and contractors on site, additional safety, health and
hygiene provisions have been put in place to protect the wellness of employees that will continue to work
during the temporary shut-down period.

Critical care and maintenance work will continue at all operations and will include the ongoing repair of
the Anglo Converter Plant (ACP) Phase B unit, to ensure the integrity of the assets, and prepare for a
safe operational ramp-up. All required parts and equipment for the Phase B repair are on site and the
estimated time for repair work remains 80 days, ending around 25 May 2020.

A number of specified essential services will also continue, including security; mine maintenance; tailings
facility safety management; water treatment; community water supply; accommodation provision; health,
safety and emergency response; and critical head office services.

Anglo American Platinum remains aware of the significant impact of the shutdown on its employees and
has reached agreement to pay all employees basic salaries, housing allowance and continue with
Company contributions to medical and pension funds throughout the 21-day lockdown period. In addition,
the Company acknowledges the vital role our operations play in the local communities in which they
operate, and we remain committed to providing services including the supply of potable water, healthcare,
emergency response assistance and maintenance of civil infrastructure throughout the lockdown period.
We will continue to see how we can further support our communities at this difficult time.

Anglo American Platinum has a clear responsibility to protect the integrity of our business and operations
and will ensure a controlled and measured shutdown of the operations going into care and maintenance.
It is critical that we are prepared for a safe start up once the lockdown restrictions are eased and return
operations to normal levels as swiftly as possible to support economic recovery in South Africa.


27 March 2020

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, as well as its two joint
venture operations. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. 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, 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

Date: 27-03-2020 09:09:00
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