Wrap Text
PGM Production Report for the third quarter ending 30 September 2020
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")
22 October 2020
ANGLO AMERICAN PLATINUM LIMITED
PGM PRODUCTION REPORT FOR THE THIRD QUARTER ENDING 30 SEPTEMBER 2020
OVERVIEW
- Safety performance did not meet expectations and tragically we had one work-related fatality at Amandelbult
and one at the Modikwa joint-operation during Q3 2020.
- Covid-19 continued to impact the business, however own-managed operations reached 94% of normal
capacity by the end of the quarter.
- Own managed mines PGM production increased by 1% to 652,000 ounces despite the continued impact
of Covid-19. Mogalakwena, Unki and Mototolo delivered strong performances.
- Joint operations PGM production (mined and purchase of concentrate) decreased by 23% to 190,600
ounces largely due to the impact of Covid-19 and the safety stoppage at Modikwa.
- Refined PGM production - owned decreased by 14% to 1,020,700 ounces. The lower output was principally
due to interruptions at the Anglo Converter Plant (ACP), offset marginally by increased throughput.
- PGM sales volumes from production decreased 16% to 884,900 ounces due to lower refined production,
and the rebuild of refined inventory.
Natascha Viljoen, CEO of Anglo American Platinum, said:
“The third quarter has been challenging with two work-related fatalities at Amandelbult and the Modikwa joint-
operation. It is extremely disappointing that we have failed to ensure that every employee goes home safely to
their families every day. We extend our deepest condolences to the families and friends of Mr Dennis Hlengani
Mdaka and Mr Lindile Manzingi. Our focus remains on safe and responsible production and the adherence to
Covid-19 measures, including extensive screening and testing protocols, at our operations.
“From a production perspective, we have managed to reach 94% of normal capacity by the end of the quarter
from our own-managed mines, with Mogalakwena, Unki and Mototolo delivering strong performances. Refined
production continues to be interrupted by water leaks at the Anglo Converter Plant’s Phase B unit. We have put
increased monitoring in place at the Phase B unit to ensure an ongoing safe operating environment for our
employees and will continue to take all appropriate measures to keep people safe while we wait for the main
Phase A unit to restart. We have made significant progress with the Phase A unit and remain on track to
commission it before the end of the year.”
Anglo American Platinum Q3 2020 Q3 2020 YTD 2020
PGM Production Report - Q3 2020 Q3 Q2 Q1 Q4 Q3 vs vs YTD YTD vs
1 July 2020 - 30 September 2020 2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
M&C PGM¹ production (000 oz)
Own managed mines 652.0 379.4 560.2 675.1 642.5 1% 72% 1,591.6 1,877.0 (15)%
Joint operations owned volume 95.3 50.8 94.4 115.6 124.1 (23)% 88% 240.5 343.4 (30)%
Joint operations purchase of concentrate 95.3 50.8 94.4 115.6 124.1 (23)% 88% 240.5 343.4 (30)%
Third party purchase of concentrate 270.2 184.1 205.9 246.3 250.5 8% 47% 660.2 724.3 (9)%
Total M&C PGM production² 1,112.9 665.1 954.8 1,152.7 1,141.2 (2)% 67% 2,732.8 3,288.2 (17)%
Refined PGM production owned (000 oz)² 1,020.7 407.0 612.2 1,317.4 1,192.0 (14)% 151% 2,039.9 3,332.6 (39)%
4E Toll refined production 129.4 96.0 131.6 174.7 168.7 (23)% 35% 357.0 322.1 11%
Total refined production (Owned and toll) 1,150.0 503.0 743.9 1,492.1 1,360.7 (15)% 129% 2,396.9 3,658.8 (34)%
PGM Sales volume from production (000 oz)² 884.9 548.0 681.3 1,425.3 1,048.4 (16)% 61% 2,114.2 3,208.4 (34)%
Trading sales volume³ 341.0 210.5 248.6 54.3 110.1 210% 62% 800.2 294.8 171%
Total sales volume (production and trading) 1,225.9 758.5 929.9 1,479.6 1,158.5 6% 62% 2,914.4 3,503.2 (17)%
¹ PGM is the total of platinum, palladium, rhodium, iridium, ruthenium and gold ounces
² Referencing key measures in Anglo American Platinum’s guidance
³ Trading sales volume - not produced by Anglo Platinum operations
REVIEW OF THE QUARTER
SAFETY & HEALTH
Anglo American Platinum remains committed to the elimination of fatalities, however, regrettably had two loss of
life incidents during Q3 2020. On 13 September Mr Dennis Hlengani Mdaka passed away after a ventilation
related incident at the Modikwa joint operation. On 16 September Mr Lindile Manzingi from Amandelbult
succumbed to his injuries after a fall of ground incident at Dishaba Mine on 2 September. We again send our
sincere condolences to their family, friends and colleagues.
The Total Recordable Case Frequency Rate (“TRCFR”) per million hours at managed operations for the quarter
worsened in the quarter at 2.85 compared to 2.60 in the prior period.
Learnings have been incorporated into our operational practice including intensifying critical control compliance
and assurance, particularly around fatal risk-related events. We continue our deliberate focus on operational
routines compliance, as well as strict verification through scheduled, frequent and increased leadership presence
at operations. Finally, we have an increased focus on planning to manage behavioural aspects proactively and
understand employee state of mind, particularly during the challenges faced during the Covid-19 pandemic.
Covid-19 remains a significant challenge, however, Anglo American Platinum has fully embedded protocols to
ensure risks to the health of our employees are managed, as well as keeping vulnerable employees away from
potential harm. In addition to our world-class workplace Covid-19 protocols, we continue our extensive and
rigorous screening and testing process at our operations to help keep our employees, their families and our local
2
communities safe and healthy. We believe that the combination of screening and testing helps us to ensure that
positive cases are detected earlier in the life cycle of the virus, allowing us to isolate and treat people in the earlier
stages of the disease and prevent the spread of infection.
PGM PRODUCTION
Total PGM production of 1,112,900 ounces decreased 2% against prior year largely due to lower production
predominantly from the joint operations of Modikwa and Kroondal, as well as lower production from Amandelbult.
This was largely offset by strong production performance from Unki, Mogalakwena and Mototolo who increased
production 12%, 9% and 6% respectively. Platinum production was down 2% to 516,400 ounces and palladium
production was flat at 352,200 ounces.
The impact of COVID-19 on the business continued in Q3 2020 and PGM ounces lost for the quarter amounted
to 119,000 ounces, bringing the year to date total to 712,000 ounces. The most notable impact in Q3 was at our
joint operations, where 55,000 ounces (mined and purchase of concentrate) were lost. A further 52,000 ounces
were lost from our third party metal providers and to a lesser extent at Amandelbult where we lost 5,000 PGM
ounces. Mototolo lost 6,800 PGM ounces due to COVID-19 for the quarter but exceeded the prior quarter output.
Due to the overall strong M&C production performance in Q3 2020, we have increased our full year M&C
production guidance to between 3.6 – 3.8 million PGM ounces (previously 3.1 – 3.6 million PGM ounces).
PGM production from own managed mines
Total PGM production from own managed mines increased 1% to 652,000 ounces (platinum production
decreased by 1% to 295,100 ounces and palladium production increased 6% to 238,600 ounces). The strong
performances at Mogalakwena, Unki and Mototolo was partly offset by lower volume from Amandelbult. The
Company reached 94% of its normal operating levels at its own mined operations at the end of the quarter.
Mogalakwena PGM production increased 9% to 315,000 ounces (platinum production increased by 7% to
132,000 ounces and palladium production increased by 12%, to 146,000). The PGM production increase is due
to higher throughput and improvements in concentrator recovery, but partly offset by a decrease in the 4E built-
up head grade. The mine continued to operate at normal production capacity during the quarter.
Amandelbult PGM production decreased 12% to 204,800 ounces (platinum production decreased by 13% to
102,800 ounces and palladium production decreased by 11%, to 48,300 ounces). The lower production against
Q2 2019 was primarily due to infrastructure closures at the end of 2019 at Tumela Upper (9,800 PGM ounces),
surface material/opencast production coming to end of life (21,200 PGM ounces) and COVID-19 restrictions
(5,000 PGM ounces). This was partly offset by increased production from Dishaba Upper (7,200 PGM ounces).
Amandelbult operated at 90% of normal operating levels at the end of the quarter.
3
Mototolo PGM production increased by 6% to 72,200 ounces (platinum production increased by 6% to 33,300
ounces and palladium increased by 7% to 20,700 ounces). This performance was despite suffering 6,800 PGM
ounce losses as a result of COVID-19 during the quarter, as the prior period was impacted by geological features
which resulted in a grade decline.
Unki PGM production increased 12% to 60,000 ounces (platinum production increased by 14% to 27,000 ounces
and palladium production increased by 10% to 23,600 ounces).
PGM production from joint ventures (50% own mined production and 50% purchase of concentrate)
Joint operations PGM production in total decreased by 23% to 190,600 ounces (platinum production decreased
by 22% to 85,400 ounces and palladium production decreased by 24% to 56,400 ounces).
Modikwa PGM production decreased by 27% to 61,400 ounces (platinum production decreased by 25% to 24,000
ounces and palladium decreased by 27% to 23,200 ounces). This was largely due to Covid-19 restrictions, as
well as due to the tragic loss of life incident and associated safety stoppages.
Kroondal PGM production decreased by 21% to 129,200 ounces (platinum and palladium production decreased
by 21% to 61,400 ounces and 33,200 ounces respectively), largely due to Covid-19 restrictions.
Purchases of PGM concentrate from third parties
Purchase of PGM concentrate (POC) from third parties, increased 8% to 270,200 ounces (platinum POC
increased by 13% to 136,000 ounces and palladium POC increased by 10% to 57,200 ounces). Increases in
volumes were from Bafokeng Rasimone Platinum Mine and Platinum Mile while lower production was received
from other providers.
Refined PGM production
Refined PGM production owned, decreased by 14% to 1,020,700 ounces (refined platinum production decreased
by 13% to 503,800 ounces and refined palladium production decreased by 2% to 354,100 ounces). The decrease
in the quarter was largely driven by Anglo Converter Plant (ACP) Phase B unit interruptions.
As previously highlighted, the ACP Phase B unit, which was recommissioned following the incident at the ACP
Phase A unit, has been operating past its useful life and therefore challenged with reliability issues. Increased
monitoring has been put in place at the ACP Phase B unit to allow for proactive risk control, ensuring an ongoing
safe operating environment for our employees and to maintain the integrity of our assets. Due these proactive
measures, water leak repairs, essential maintenance, testing and monitoring was conducted at the ACP Phase
B, production was disrupted for 20 days during the quarter.
Refined production in the final quarter is highly dependent on the ongoing stability of Phase B, until a controlled
switch-over to Phase A can be completed. As a result, we remain cautious on refined production in Q4 2020 and
4
have revised full-year refined PGM production guidance to the lower end of our previous guidance to between
3.1 – 3.3 million PGM ounces.
The ACP stoppages have resulted in a slight increase in work-in-progress (WIP) inventory between Q2 2020 and
Q3 2020. The build in WIP inventory is not lost production - only the timing of the release of WIP inventory to
refined inventory is impacted.
If the ACP Phase B unit creates a material risk to employees or assets by continuing to operate, the Company
will proactively conduct a safe shut-down, taking Phase B offline until the recommissioning of Phase A. The
rebuild of ACP Phase A remains on schedule with completion estimated towards the end of Q4 2020.
The Company is focused on embedding strong asset reliability, which is of key strategic importance to enable
Anglo American Platinum to position itself for the next stage of safe and sustainable value creation.
PGM sales volumes
PGM sales volume from production decreased by 16% to 884,900 ounces, in line with lower refined production
(platinum and palladium sales volume both decreased by 17% to 448,500 ounces and 261,700 ounces
respectively), as well as the rebuild of some refined inventory.
PGM sales volume from trading increased 210% to 341,000 (platinum trading volumes increased by 499% to
105,000 ounces and palladium trading volumes increased by 170% to 214,600 ounces).
PGM sales volumes for the year will remain highly dependent on the level of refined production in Q4 2020.
Unaudited financial position and committed facilities
At the end of the interim reporting period to 30 June 2020, the Company was in a net cash position of
R11.3 billion, including the customer prepayment. As at 30 September, the Company remains in a net cash
position of R20.6 billion. Anglo American Platinum also has R20.2 billion of committed facilities available.
2020 full-year guidance
We revise our full-year production and refined production guidance in line with performance year-to-date, and
expectations in the final quarter as follows:
5
(m illion ounces) New guidance Previous guidance
M&C production
Total PGMs 3.6 - 3.8 3.1 - 3.6
Platinum 1.7 - 1.8 1.45 - 1.65
Palladium 1.1 - 1.2 1.00 - 1.15
Other PGMs c.0.8 0.65 - 0.90
Refined production - ow ned
Total PGMs 3.1 - 3.3 3.1 - 3.6
Platinum 1.4 - 1.5 1.45 - 1.65
Palladium 1.0 - 1.1 1.00 - 1.15
Other PGMs c.0.7 0.65 - 0.90
Sales volum es from production
Total PGMs 3.1 - 3.3 3.1 - 3.6
Platinum 1.4 - 1.5 1.45 - 1.65
Palladium 1.0 - 1.1 1.00 - 1.15
Other PGMs c.0.7 0.65 - 0.90
6
Anglo American Platinum Q3 2020 Q3 2020 YTD 2020
PGM Production Report - Q3 2020 Q3 Q2 Q1 Q4 Q3 vs vs YTD YTD vs
1 July 2020 - 30 September 2020 2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Total M&C PGM production 000 oz 1,112.9 665.1 954.8 1,152.7 1,141.2 (2)% 67% 2,732.8 3,288.2 (17)%
Platinum 000 oz 516.5 307.4 440.9 531.7 526.9 (2)% 68% 1,264.8 1,519.0 (17)%
Palladium 000 oz 352.2 228.3 303.2 360.3 351.8 0% 54% 883.7 1,025.5 (14)%
Tonnes milled 000 6,952 4,665 6,498 7,454 7,328 (5)% 49% 18,115 21,479 (16)%
4E Built-up head grade g/t 3.65 3.44 3.44 3.67 3.65 0% 6% 3.52 3.60 (2)%
Own mined volume
Total mined production
Total M&C PGM production 000 oz 747.3 430.2 654.6 790.7 766.6 (3)% 74% 1,832.1 2,220.4 (17)%
Platinum 000 oz 337.8 188.7 299.4 361.9 351.7 (4)% 79% 825.9 1,016.4 (19)%
Palladium 000 oz 266.8 173.3 233.0 275.0 262.8 2% 54% 673.1 774.1 (13)%
Tonnes milled 000 6,952 4,666 6,498 7,454 7,328 (5)% 49% 18,115 21,479 (16)%
4E Built-up head grade g/t 3.65 3.44 3.44 3.67 3.65 0% 6% 3.52 3.60 (2)%
Own managed mines
Total M&C PGM production 000 oz 652.0 379.4 560.2 675.1 642.5 1% 72% 1,591.6 1,877.0 (15)%
Platinum 000 oz 295.1 166.0 257.5 310.1 296.8 (1)% 78% 718.6 862.5 (17)%
Palladium 000 oz 238.6 158.5 204.6 241.0 225.9 6% 51% 601.7 673.6 (11)%
Tonnes milled 000 6,190 4,264 5,708 6,480 6,341 (2)% 45% 16,163 18,699 (14)%
4E Built-up head grade g/t 3.64 3.41 3.38 3.66 3.64 0% 7% 3.49 3.58 (2)%
Mogalakwena mine
Total M&C PGM production 000 oz 315.0 277.6 282.3 317.5 287.7 9% 13% 874.9 897.4 (3)%
Platinum 000 oz 132.0 117.3 121.9 135.8 123.4 7% 13% 371.2 381.7 (3)%
Palladium 000 oz 146.0 128.9 128.7 146.0 130.8 12% 13% 403.6 411.8 (2)%
Tonnes milled 000 3,613 3,301 3,250 3,488 3,331 8% 9% 10,164 10,222 (1)%
4E Built-up head grade g/t 3.31 3.31 3.18 3.51 3.46 (4)% 0% 3.27 3.43 (5)%
Amandelbult mine
Total M&C PGM production 000 oz 204.8 50.1 167.7 238.7 232.9 (12)% 309% 422.6 654.6 (35)%
Platinum 000 oz 102.8 25.3 85.5 120.1 118.4 (13)% 306% 213.6 333.5 (36)%
Palladium 000 oz 48.3 11.7 39.1 56.0 54.3 (11)% 313% 99.1 152.9 (35)%
Tonnes milled 000 1,405 380 1,366 1,824 1,803 (22)% 270% 3,151 5,233 (40)%
4E Built-up head grade g/t 4.59 4.25 3.88 4.15 4.15 11% 8% 4.24 4.01 6%
Unki mine
Total M&C PGM production 000 oz 60.0 31.3 49.0 52.0 53.8 12% 92% 140.3 149.6 (6)%
Platinum 000 oz 27.0 13.9 21.8 23.3 23.6 14% 94% 62.7 66.1 (5)%
Palladium 000 oz 23.6 12.1 19.6 20.0 21.4 10% 95% 55.3 59.2 (7)%
Tonnes milled 000 515 378 516 545 556 (7)% 37% 1,409 1,548 (9)%
4E Built-up head grade g/t 3.65 3.64 3.41 3.41 3.45 6% 0% 3.56 3.46 3%
Mototolo mine
Total M&C PGM production 000 oz 72.2 20.4 61.2 66.9 68.1 6% 254% 153.8 175.4 (12)%
Platinum 000 oz 33.3 9.5 28.3 30.9 31.4 6% 251% 71.1 81.2 (12)%
Palladium 000 oz 20.7 5.8 17.2 19.0 19.4 7% 257% 43.7 49.7 (12)%
Tonnes milled 000 657 206 576 624 651 1% 219% 1,439 1,696 (15)%
4E Built-up head grade g/t 3.41 3.13 3.27 3.30 3.24 5% 9% 3.31 3.21 3%
Joint operations mined production
Total M&C PGM production 000 oz 95.3 50.8 94.4 115.6 124.1 (23)% 88% 240.5 343.4 (30)%
Platinum 000 oz 42.7 22.7 41.9 51.8 54.9 (22)% 88% 107.3 153.9 (30)%
Palladium 000 oz 28.2 14.8 28.4 34.0 36.9 (24)% 91% 71.4 100.5 (29)%
Tonnes milled 000 762 401 790 974 987 (23)% 90% 1,952 2,780 (30)%
4E Built-up head grade g/t 3.75 3.70 3.86 3.75 3.75 0% 1% 3.78 3.73 1%
Modikwa mine
Total M&C PGM production 000 oz 30.7 15.9 35.8 35.9 42.0 (27)% 93% 82.4 109.6 (25)%
Platinum 000 oz 12.0 6.2 14.1 14.1 16.1 (25)% 94% 32.3 43.0 (25)%
Palladium 000 oz 11.6 6.0 13.5 13.5 15.9 (27)% 93% 31.1 41.0 (24)%
Tonnes milled 000 247 130 250 272 320 (23)% 90% 627 845 (26)%
4E Built-up head grade g/t 3.84 3.83 4.25 4.05 4.07 (6)% 0% 4.00 4.04 (1)%
Kroondal mine
Total M&C PGM production 000 oz 64.6 43.1 58.5 79.7 82.2 (21)% 50% 166.2 233.8 (29)%
Platinum 000 oz 30.7 19.8 27.9 37.7 38.8 (21)% 55% 78.4 110.9 (29)%
Palladium 000 oz 16.6 10.5 14.9 20.5 21.0 (21)% 58% 42.0 59.5 (29)%
Tonnes milled 000 515 271 540 701 668 (23)% 90% 1,326 1,935 (31)%
4E Built-up head grade g/t 3.70 3.63 3.68 3.64 3.59 3% 2% 3.68 3.59 3%
7
Anglo American Platinum Q3 2020 Q3 2020 YTD 2020
PGM Production Report - Q3 2020 Q3 Q2 Q1 Q4 Q3 vs vs YTD YTD vs
1 July 2020 - 30 September 2020 2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Purchase of concentrate
Total purchase of concentrate production
PGM production 000 oz 365.5 234.9 300.3 361.9 374.6 (2)% 56% 900.7 1,067.7 (16)%
Platinum 000 oz 178.7 118.7 141.5 169.8 175.2 2% 51% 438.9 502.6 (13)%
Palladium 000 oz 85.4 55.0 70.2 85.3 89.0 (4)% 55% 210.6 251.4 (16)%
Joint operations purchase of concentrate
PGM production 000 oz 95.3 50.8 94.4 115.6 124.1 (23)% 88% 240.5 343.4 (30)%
Platinum 000 oz 42.7 22.7 41.9 51.8 54.9 (22)% 88% 107.3 153.9 (30)%
Palladium 000 oz 28.2 14.8 28.4 34.0 36.9 (24)% 91% 71.4 100.5 (29)%
Third party purchase of concentrate production
PGM production 000 oz 270.2 184.1 205.9 246.3 250.5 8% 47% 660.2 724.3 (9)%
Platinum 000 oz 136.0 96.0 99.6 118.0 120.3 13% 42% 331.6 348.7 (5)%
Palladium 000 oz 57.2 40.2 41.8 51.3 52.1 10% 42% 139.2 150.9 (8)%
Anglo American Platinum Q3 2020 Q3 2020 YTD 2020
PGM Production Report - Q3 2020 Q3 Q2 Q1 Q4 Q3 vs vs YTD YTD vs
1 July 2020 - 30 September 2020 2020 2020 2020 2019 2019 Q3 2019 Q2 2020 2020 2019 YTD 2019
Refined PGM production owned (000 oz)
PGM ounces 000 oz 1,020.7 407.0 612.2 1,317.4 1,192.0 (14)% 151% 2,039.9 3,332.6 (39)%
Platinum 000 oz 503.8 160.6 240.3 629.7 578.5 (13)% 214% 904.7 1,581.2 (43)%
Palladium 000 oz 354.1 147.4 197.1 396.6 362.0 (2)% 140% 698.6 1,083.9 (36)%
Minor PGMs and gold 000 oz 162.8 99.0 174.9 291.0 251.5 (35)% 64% 436.7 667.5 (35)%
Base metal production
Nickel tonnes 5,039 1,997 3,129 6,388 6,827 (26)% 152% 10,165 16,649 (39)%
Copper tonnes 2,838 1,533 3,015 4,157 3,343 (15)% 85% 7,385 10,054 (27)%
Chrome 000 t 295.8 64.6 196.4 247.6 236.9 25% 358% 556.8 661.1 (16)%
Toll refined production
4E 000 oz 129.4 96.0 131.6 174.7 168.7 (23)% 35% 357.0 322.1 11%
Platinum 000 oz 75.7 58.4 78.6 104.4 100.9 (25)% 29% 212.7 198.8 7%
Palladium 000 oz 35.5 30.0 40.4 54.0 51.4 (31)% 18% 105.9 100.4 5%
PGM Sales volume from production (000 oz)
PGM ounces 000 oz 884.9 548.0 681.3 1,425.3 1,048.4 (16)% 61% 2,114.2 3,208.4 (34)%
Platinum 000 oz 448.5 195.7 239.9 668.4 537.4 (17)% 129% 884.1 1,546.8 (43)%
Palladium 000 oz 261.7 160.9 222.5 435.8 316.9 (17)% 63% 645.1 1,084.9 (41)%
Trading sales volume?
PGM ounces 000 oz 341.0 210.5 248.6 54.3 110.1 210% 62% 800.2 294.8 171%
Platinum 000 oz 105.0 84.2 62.1 10.6 17.5 499% 25% 251.2 35.5 607%
Palladium 000 oz 214.6 123.1 169.2 42.8 79.6 170% 74% 506.9 219.4 131%
Realised metal, Fx and realised basket prices
Platinum (US$/oz) 896 790 919 895 877 2% 13% 876 847 3%
Palladium (US$/oz) 2,145 2,029 2,222 1,758 1,501 43% 6% 2,143 1,430 50%
Rhodium (US$/oz) 10,279 8,964 8,998 5,525 3,791 171% 15% 9,465 3,151 200%
Average Fx achieved on sales ZAR/US$ 16.84 18.08 15.36 14.68 14.70 15% (7)% 16.60 14.42 15%
US$ realised basket price (/Pt oz) 3,447 4,920 6,010 3,187 2,611 32% (30)% 4,468 2,660 68%
ZAR realised basket price (/Pt oz) 58,388 88,937 92,277 46,748 38,343 52% (34)% 74,346 38,318 94%
US$ realised basket price (/PGM oz) 1,747 1,757 2,116 1,494 1,338 31% (1)% 1,869 1,282 46%
ZAR realised basket price (/PGM oz) 29,595 31,765 32,489 21,921 19,653 51% (7)% 31,090 18,473 68%
4
Trading sales volume – not produced by Anglo American Platinum operations
Note: (5E+Au) refers to Platinum, Palladium, Rhodium, Iridium, Ruthenium + Gold
(4E) refers to Platinum, Palladium, Rhodium, Gold
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) 11 638 2607
8
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
9
Date: 22-10-2020 08:10:00
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