To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 10/06/2020 10:29
Code(s): AGL     PDF:  
Wrap Text
Anglo American Platinum update on ACP Phase B repair

Anglo American plc (the “Company”)
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
JSE Share Code: AGL
NSX Share Code: ANM


10 June 2020

Anglo American Platinum update on ACP Phase B repair

Anglo American plc notes the announcement by Anglo American Platinum Limited released today
to the Johannesburg stock exchange. The text of the announcement is copied below:

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

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

For further information, please contact:

Media                                                 Investors
UK                                                    UK
James Wyatt-Tilby                                     Paul Galloway         

Marcelo Esquivel                                      Robert Greenberg          

Katie Ryall                                           Emma Waterworth               

South Africa
Pranill Ramchander                                    Emma Chapman        

Sibusiso Tshabalala

Jana Marais

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 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

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.

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.

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 10-06-2020 10:29:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story