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ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum update on ACP Phase B repair

Release Date: 10/06/2020 10:15
Code(s): AMS     PDF:  
Wrap Text
Anglo American Platinum update on ACP Phase B repair

(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 update on ACP Phase B repair

Anglo American Platinum announced on 3 June 2020 that a water leak had been detected in the high-
pressure cooling section of the Anglo Converter Plant (ACP) Phase B unit. All employees were safely
evacuated as a precaution. The Company took the decision to temporarily close the ACP Phase B unit
to secure a safe operating environment, protect employees and protect the integrity of the plant.

The detailed technical investigation into the cause of the water leak shows localised damage to a single
cooler tube that is now being replaced and confirms that this leak is unconnected to the repair work
recently completed on the ACP Phase B unit. Other maintenance is being carried out and additional
controls put in place whilst the ACP Phase B unit is off-line in order to provide greater operational stability.
The repair work is expected to be completed next week, and recommissioning will then start once a
detailed risk-based assurance process has confirmed it is safe to do so.

A prudent approach will be taken to safely ramp up the ACP Phase B unit. Increased monitoring will likely
result in intermittent stoppages to inspect the plant until the repairs to the ACP Phase A unit are completed.
The repairs to the ACP Phase A unit are progressing well and are now expected to complete towards the
end of 2020 due to the successful accelerated procurement of key long-lead time items.

Anglo American Platinum will continue to receive concentrate from third parties and joint ventures under
the purchase of concentrate and toll agreements and will continue to deliver metal to customers.

The stoppage of the ACP Phase B for repairs of this water leak is not expected to have any impact on
full year refined production guidance, which remains at between 3.1 – 3.6 million PGM ounces.

10 June 2020

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            
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.

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,
steelmaking and thermal 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.

Date: 10-06-2020 10:15:00
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