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ANGLO AMERICAN PLATINUM LIMITED - PGMs Production Report for the second quarter ending 30 June 2021

Release Date: 20/07/2021 08:00
Code(s): AMS     PDF:  
Wrap Text
PGMs Production Report for the second quarter ending 30 June 2021

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")

20 July 2021


Anglo American Platinum Limited

PGMs Production Report for the second quarter ending 30 June 2021

Overview – Q2 2021 performance against prior period Q2 2020

– Safety performance – no fatal incidents in H1.

– Total PGMs production (expressed as 5E+Au metal-in-concentrate) increased by 59% (vs. Q2 2020) to 1,057,900
  ounces, due to a strong recovery in production despite the ongoing effect of the Covid-19 pandemic.

– Own-managed mines PGMs production increased by 59% to 601,500 ounces, due to a strong recovery in
  production from all operations compared to the prior period, which was materially impacted by national lockdowns
  to curb the spread of Covid-19.

– Refined PGMs production (owned production, excluding tolling) increased by 233% to 1,353,700 ounces, due to
  operational stability following the rebuild and recommissioning of the ACP in November 2020, which performed
  ahead of plan.

– PGMs sales volumes (from production, excluding sales from trading) increased by 162% to 1,437,100 ounces in
  line with the increase in refined production, and supplemented by a drawdown from refined inventory, following
  robust demand.

– Full year guidance for M&C PGM production is tightened to between 4.2 - 4.4 million ounces, as a result of the
  lower third-party concentrate receipts and the continuing impact of Covid-19 on operations, while refined PGM
  production is revised up due to proven operational stability, to between 4.8 - 5.0 million ounces.


Natascha Viljoen, CEO of Anglo American Platinum, said:

“We have delivered a strong recovery in mined and refined production, though our operations continue to face ongoing
constraints due to the Covid-19 pandemic as we strive to help keep our people and communities safe. Although we
had no work-related fatalities in the first half of the year, we are disappointed with an increase in injuries and plans are
in place to continue safety improvements and ensure a sustained turnaround.

“PGMs production increased by 59% compared to Q2 2020, with a solid performance from own-managed operations.
Our refined production increased by 233%, as processing operations proved their operational stability following the
rebuild and recommissioning of the ACP in November 2020. Sales volumes increased by 162% due to the increase in
refined production and was supplemented by the drawdown of platinum and palladium from refined inventory, as we
saw robust demand for these metals. We have tightened our M&C production guidance to between 4.2–4.4 million
PGM ounces due to lower third-party concentrate receipts and the ongoing impact of Covid-19 on production.
However, due to the proven operational stability of our processing operations, we have revised our refined production
guidance up, to between 4.8–5.0 million PGM ounces.

While our operations have not been directly affected by the recent unrest in South Africa, we have stringent risk
management procedures incorporated into our response plans. Risks to our supply chain are being monitored and we
continue to work on ways to support our communities that may feel the knock-on impacts of the disruptions caused
by the unrest.”



Anglo American Platinum                                                                                                   Q2 2021   Q2 2021                     H1 2021
PGM Production Report - Q2 2021                                         Q2           Q1            Q4        Q3      Q2        vs        vs      H1        H1        vs
1 April 2021 - 30 June 2021                                           2021         2021          2020      2020    2020   Q2 2020   Q1 2021    2021      2020   H1 2020
M&C PGM¹ production (000 ounce)²                                 1,057.9      1,021.2         1,076.1   1,112.9   665.1      59 %       4 % 2,079.1   1,619.9      28 %
   Own-managed mines                                                601.5       594.4          617.8     652.0    379.4      59 %       1 % 1,196.1    939.5       27 %
   Joint operations owned volume                                    107.8       100.3           99.0      95.3     50.8     112 %       7%    208.1    145.2       43 %
   Joint operations purchase of concentrate                         107.8       100.3           99.0      95.3     50.8     112 %       7%    208.1    145.2       43 %
   Third party purchase of concentrate                              240.9       226.0          260.2     270.2    184.1      31 %       7%    466.9    390.0       20 %


Refined PGM production owned (000 ounce)²                        1,353.7        973.0          673.1    1,020.7   407.0     233 %      39 % 2,326.7   1,019.3     128 %
4E Toll refined production                                          153.8       175.9          146.5     129.4     96.0      60 %     (13)%   329.7    227.6       45 %
Total refined production (owned and toll)                        1,507.5      1,148.9          819.7    1,150.0   503.0     200 %      31 % 2,656.4   1,246.9     113 %
PGM sales volume from production (000 ounce)                     1,437.1      1,131.1          754.3     884.9    548.0     162 %      27 % 2,568.2   1,229.3     109 %
Trading sales volume3                                               116.1       221.5          370.8     341.0    210.5     (45)%     (48)%   337.6    459.2      (26)%
Total sales volume (production and trading)                      1,553.2      1,352.6         1,125.1   1,225.9   758.5     105 %      15 % 2,905.8   1,688.5      72 %

¹ PGM is the sum total of platinum, palladium, rhodium, iridium, ruthenium and gold ounces.
² Referencing AAP guidance.
3
  Trading sales volume not produced by Anglo American Platinum operations.
                                                                                                            




Review of the quarter
Safety
Anglo American Platinum reported no fatalities during the first half at its own-managed operations or at its non-managed
joint operations.

The Total Recordable Case Frequency Rate (“TRCFR”) per million hours at managed operations disappointingly
regressed to 2.93 per million hours, compared to 1.71 per million hours in the prior period. The disruption caused by
Covid-19 has undoubtedly had an effect. Increasing infection rates towards the end of the quarter from the third wave
in South Africa have been significant within our mining and front-line supervisory employees, leading to greater levels
of absenteeism and is impacting planning. These challenges are reassessed on an ongoing basis and plans adjusted
to remain effective to ensure a sustained turnaround in safety and production performance.


Total PGM production
Total PGM production increased by 59% to 1,057,900 ounces (against prior period Q2 2020), with platinum production
59% higher at 488,300 ounces, and palladium production increasing by 46% to 334,400 ounces. The improved
performance was due to a strong recovery from the prior period which was materially impacted by Covid-19. The
Covid-19 pandemic continues to have an impact on working conditions, but strict protocols have been maintained,
limiting Covid-19 impacts in the period to 7,200 PGM lost ounces, compared to the prior period where Covid-19
impacted production by 521,600 PGM lost ounces.


PGM production from own-managed mines

Total PGM production from own-managed mines increased by 59% to 601,500 ounces (platinum production increased
by 65% to 274,500 ounces, while palladium production rose by 40% to 221,700 ounces).

Mogalakwena had a solid operating performance, with PGM production increasing by 11% to 308,400 ounces (platinum
increased by 12% to 131,000 ounces and palladium production increased by 11% to 142,900 ounces), owing to higher
concentrator throughput, and no Covid-19 impact on production.

Amandelbult had a strong recovery, with PGM production increasing by 270% to 185,300 ounces (platinum increased
by 273% to 94,400 ounces and palladium production increased by 267%, to 42,900 ounces). Despite the recovery in
production, Amandelbult does continue to be impacted by higher numbers of positive Covid-19 infections, and therefore
increased absenteeism as employees recover.

Mototolo PGM production increased by 194% to 59,900 ounces (platinum production increased by 191% to 27,600
ounces and palladium increased by 197% to 17,200 ounces). The increase was mainly due to the impact of Covid-19
on production in the prior period. Production was also partially offset by concentrator maintenance required to integrate
new infrastructure as part of the debottlenecking project that was completed at the end of Q1 2021.

Unki PGM production increased by 53% to 47,900 ounces (platinum production increased by 55% to 21,500 ounces
and palladium production increased by 55% to 18,700 ounces), owing to higher concentrator throughput and recovery,
with no Covid-19 impact on production.


PGM production from joint operations (50% own-mined production and 50% purchase of concentrate)

PGM production from Joint operations increased by 112% to 215,600 ounces (platinum production increased by 114%
to 97,000 ounces and palladium production increased by 113% to 63,000 ounces). The increase was mainly due to the
impact of Covid-19 on production in the prior period.
                                                                                                            




Kroondal PGM production increased by 110% to 146,800 ounces (platinum and palladium production increased by
77% to 70,000 ounces and 37,200 ounces respectively).

Modikwa PGM production increased by 116% to 68,600 ounces (platinum production increased by 118% to 27,000
ounces and palladium production increased 115% to 25,800 ounces respectively).


Purchases of PGM concentrate from third parties

Purchase of PGM concentrate (POC) from third parties increased by 31% to 240,900 ounces (platinum POC increased
by 22% to 116,800 ounces and palladium POC increased by 24% to 49,700 ounces). The increase was mainly due to
the impact of Covid-19 on production in the prior period.


Refined PGM production
Refined PGM production (from owned production, excluding tolling) increased by 233% to 1,353,700 ounces. Refined
platinum production increased by 290% to 625,800 ounces and refined palladium production increased by 190% to
427,500 ounces, with the ratio of metal in the pipeline returning to more normal ratios. The strong performance reflected
the operational stability in the ACP, following the completion of the rebuild and recommissioning of the Phase A unit in
November 2020. The ACP continued to perform ahead of plan and was able to smelt more tonnes from the Polokwane
smelter.

The ACP Phase B rebuild is on schedule for completion in H2 2021, subject to any further Covid-19 impacts. The
Phase B unit will only be switched over from the Phase A unit and recommissioned into production in Q1 2022, in line
with scheduled maintenance.

Toll refined PGM production increased by 60% to 153,800 PGM ounces.


PGM sales volumes
PGM sales volumes (excluding trading) increased by 162% to 1,437,100 ounces, as a result of higher refined
production, supplemented by a drawdown in platinum and palladium from refined inventory due to strong demand for
the metals. Platinum sales volumes increased by 239% to 662,500 ounces and palladium sales volumes increased by
187% to 462,100 ounces.

PGM sales volumes from trading decreased 45% to 116,100 ounces, as trading activity normalised. Sales from trading
activity were abnormally high in Q2 2020 to manage supply of metal to customers, following the impact of Covid-19 on
production and the temporary closure of the ACP.

The Q2 2021 average realised basket price of $3,407 per PGM ounce reflects strong prices, particularly for rhodium,
iridium, and ruthenium.


Full-year guidance
PGM production guidance (metal-in-concentrate) is tightened from 4.2-4.6 million PGM ounces, to between
4.2 - 4.4 million PGM ounces, due to lower third-party receipts and the continuing impact of rising Covid-19 infection
rates on production.

Refined PGM production (excluding tolling) guidance has been tightened from 4.6–5.0 million PGM ounces, to between
4.8 - 5.0 million PGM ounces as a result of proven operational stability in the processing assets. However, refined
production is subject to rising infection rates from Covid-19, as well as potential Eskom power disruptions in the second
half of the year.
                                                                                                                                           




Anglo American Platinum                                                                                   Q2 2021     Q2 2021                        H1 2021
PGM Production Report - Q2 2021                             Q2        Q1        Q4        Q3        Q2         vs          vs       H1         H1         vs
1 April 2021 - 30 June 2021                               2021      2021      2020      2020      2020    Q2 2020     Q1 2021     2021       2020    H1 2020
Safety
Fatalities - own managed operations         number           0         0         0         1         0                               0          0
Total recordable injury frequency rate   /million hrs     2.93      2.53      2.25      2.97      1.71       71 %        16 %     2.73       2.15       27 %
Total M&C PGM production                     000 oz     1,057.9   1,021.2   1,076.1   1,112.9     665.1      59   %       4 % 2,079.1      1,619.9      28   %
  Platinum                                   000 oz       488.3     468.0     497.8     516.5     307.4      59   %       4%     956.4       748.5      28   %
  Palladium                                  000 oz       334.4     330.5     338.4     352.2     228.3      46   %       1%     665.0       531.4      25   %
Tonnes milled                                  000      7,169.5   6,707.0   6,736.4   6,951.6   4,665.4      54   %       7 % 13,876.5    11,163.5      24   %
4E Built-up head grade                           g/t       3.48      3.54      3.67      3.65      3.44       1   %      (2)%     3.51        3.44       2   %
Own mined volume
Total mined production
Total M&C PGM production                     000 oz       709.3     694.7     716.8     747.3     430.2      65   %       2 % 1,404.1      1,084.7      29   %
  Platinum                                   000 oz       323.0     312.3     324.7     337.8     188.7      71   %       3%     635.4       488.2      30   %
  Palladium                                  000 oz       253.2     254.3     256.0     266.8     173.3      46   %      —%      507.6       406.2      25   %
Tonnes milled                                  000      7,169.5   6,707.0   6,736.3   6,951.5   4,665.5      54   %       7 % 13,876.6    11,163.4      24   %
4E Built-up head grade                           g/t       3.48      3.54      3.67      3.65      3.44       1   %      (2)%     3.51        3.44       2   %
Own managed mines
Total M&C PGM production                     000 oz       601.5     594.4     617.8     652.0     379.4      59   %       1 % 1,196.1        939.5      27   %
  Platinum                                   000 oz       274.5     267.5     279.6     295.1     166.0      65   %       3%     542.0       423.5      28   %
  Palladium                                  000 oz       221.7     224.4     227.9     238.6     158.5      40   %      (1)%    446.1       363.0      23   %
Tonnes milled                                  000      6,262.6   5,894.6   5,928.8   6,189.9   4,264.4      47   %       6 % 12,157.3     9,972.7      22   %
4E Built-up head grade                           g/t       3.47      3.52      3.67      3.64      3.41       2   %      (2)%     3.49        3.39       3   %
Mogalakwena mine
Total M&C PGM production                     000 oz       308.4     328.9     306.7     315.0     277.6      11 %        (6)%     637.4      559.9      14   %
  Platinum                                   000 oz       131.0     138.0     129.5     132.0     117.3      12 %        (5)%     269.0      239.2      12   %
  Palladium                                  000 oz       142.9     152.0     141.7     146.0     128.9      11 %        (6)%     294.9      257.5      15   %
Tonnes milled                                  000      3,676.7   3,553.0   3,367.2   3,612.9   3,301.2      11 %         3%    7,229.7    6,551.0      10   %
4E Built-up head grade                           g/t       3.26      3.39      3.46      3.31      3.31      (1) %       (4)%      3.33       3.24       2   %
Amandelbult mine
Total M&C PGM production                     000 oz       185.3     156.0     185.5     204.8     50.1      270 %        19 %     341.3      217.8      57   %
  Platinum                                   000 oz        94.4      79.9      93.4     102.8     25.3      273 %        18 %     174.3      110.9      57   %
  Palladium                                  000 oz        42.9      35.6      44.0      48.3     11.7      267 %        21 %      78.5       50.8      55   %
Tonnes milled                                  000      1,455.1   1,243.1   1,365.0   1,404.8    380.1      283 %        17 %   2,698.2    1,746.1      55   %
4E Built-up head grade                           g/t       4.13      4.04      4.31      4.59     4.25       (3) %        2%       4.09       3.96       3   %
Unki mine
Total M&C PGM production                     000 oz       47.9      50.9      55.8      60.0      31.3       53 %        (6)%      98.9      80.3       23 %
  Platinum                                   000 oz       21.5      22.6      24.6      27.0      13.9       55 %        (5)%      44.1      35.7       24 %
  Palladium                                  000 oz       18.7      20.0      22.0      23.6      12.1       55 %        (7)%      38.7      31.7       22 %
  Tonnes milled                                000       502.2     521.3     550.4     515.4     377.5       33 %        (4)%   1,023.6     893.8       15 %
4E Built-up head grade                           g/t      3.45      3.52      3.62      3.65      3.64       (5) %       (2)%      3.48      3.51       (1) %
Mototolo mine
Total M&C PGM production                     000 oz       59.9      58.6      69.8      72.2      20.4      194   %       2%      118.5      81.5       45 %
  Platinum                                   000 oz       27.6      27.0      32.1      33.3       9.5      191   %       2%       54.6      37.7       45 %
  Palladium                                  000 oz       17.2      16.8      20.2      20.7       5.8      197   %       2%       34.0      23.0       48 %
Tonnes milled                                  000       628.6     577.2     646.2     656.8     205.6      206   %       9%    1,205.8     781.8       54 %
4E Built-up head grade                           g/t      3.13      3.20      3.40      3.41      3.13       —    %      (2)%      3.16      3.23       (2) %
Joint operations mined production
Total M&C PGM production                     000 oz      107.8     100.3      99.0      95.3      50.8      112 %         7%      208.1      145.2      43 %
  Platinum                                   000 oz       48.5      44.8      45.1      42.7      22.7      114 %         8%       93.4       64.7      44 %
  Palladium                                  000 oz       31.5      29.9      28.1      28.2      14.8      113 %         5%       61.5       43.2      42 %
Tonnes milled                                  000       906.9     812.4     807.5     761.6     401.1      126 %        12 %   1,719.3    1,190.7      44 %
4E Built-up head grade                           g/t      3.60      3.70      3.67      3.75      3.70       (2) %       (3)%      3.65       3.81      (4) %
Modikwa mine
Total M&C PGM production                     000 oz       34.3      35.9      24.9      30.7      15.9      116 %        (4)%     70.2       51.8       36 %
  Platinum                                   000 oz       13.5      14.0       9.8      12.0       6.2      118 %        (4)%     27.6       20.3       36 %
  Palladium                                  000 oz       12.9      13.5       9.3      11.6       6.0      115 %        (4)%     26.5       19.6       35 %
Tonnes milled                                  000       285.7     287.5     204.4     246.9     129.7      120 %        (1)%    573.2      379.8       51 %
4E Built-up head grade                           g/t      3.76      3.89      3.78      3.84      3.83       (2) %       (4)%     3.82       4.11       (7) %
Kroondal mine
Total M&C PGM production                     000 oz       73.4      64.4      74.1      64.6      34.9      110 %        14 %     137.9      93.4       48 %
  Platinum                                   000 oz       35.0      30.8      35.3      30.6      19.8       77 %        14 %      65.8      44.4       48 %
  Palladium                                  000 oz       18.6      16.3      18.9      16.6      10.5       77 %        14 %      35.0      23.7       48 %
Tonnes milled                                  000       621.2     524.9     603.2     514.8     271.3      129 %        18 %   1,146.1     811.0       41 %
4E Built-up head grade                           g/t      3.54      3.60      3.63      3.70      3.63       (3) %       (2)%      3.56      3.66       (3) %
                                                                                                                                                     




    Anglo American Platinum                                                                                             Q2 2021   Q2 2021                        H1 2021
    PGM Production Report - Q2 2021                                       Q2        Q1        Q4        Q3        Q2         vs        vs        H1        H1         vs
    1 April 2021 - 30 June 2021                                      2021         2021      2020      2020      2020    Q2 2020   Q1 2021      2021      2020    H1 2020
    Purchase of concentrate
    Total purchase of concentrate
    PGM production                                    000 oz        348.7        326.3     359.2     365.5     234.9       48 %       7%      675.0     535.2       26 %
      Platinum                                        000 oz        165.3        155.7     173.1     178.7     118.7       39 %       6%      321.0     260.3       23 %
      Palladium                                       000 oz             81.2     76.2      82.4      85.4      55.0       48 %       7%      157.4     125.2       26 %
    Joint operations purchase of
    concentrate
    PGM production                                    000 oz        107.8        100.3      99.0      95.3      50.8      112 %       7%      208.1     145.2       43 %
      Platinum                                        000 oz             48.5     44.8      45.1      42.7      22.7      114 %       8%       93.3      64.7       44 %
      Palladium                                       000 oz             31.5     29.9      28.1      28.2      14.8      113 %       5%       61.4      43.2       42 %
    Third party purchase of concentrate
    PGM production                                    000 oz        240.9        226.0     260.2     270.2     184.1       31 %       7%      466.9     390.0       20 %
      Platinum                                        000 oz        116.8        110.9     128.0     136.0      96.0       22 %       5%      227.7     195.6       16 %
      Palladium                                       000 oz             49.7     46.3      54.3      57.2      40.2       24 %       7%       96.0      82.0       17 %
    Refined PGM production - owned
    PGM ounces                                        000 oz      1,353.7        973.0     673.1    1,020.7    407.0      233 %      39 %    2,326.7   1,019.3     128 %
      Platinum                                        000 oz        625.8        457.8     296.4     503.8     160.6      290 %      37 %    1,083.5    400.9      170 %
      Palladium                                       000 oz        427.5        317.0     206.8     354.1     147.4      190 %      35 %     744.5     344.5      116 %
      Rhodium                                         000 oz             94.2     63.0      47.1      48.9      30.6      208 %      50 %     157.3      78.0      102 %
      Minor PGMs and gold                             000 oz        206.2        135.2     122.9     113.9      68.4      201 %      53 %     341.4     196.0       74 %
    Base metal production - owned
      Nickel                                          tonnes      5,837.6       4,848.0   3,709.4   5,038.7   1,997.0     192 %      20 % 10,685.6     5,126.0     108 %
      Copper                                          tonnes      3,338.0       3,672.6   2,974.2   2,838.1   1,532.6     118 %      (9) %   7,010.6   4,547.0      54 %
      Chrome                                            000 t       225.3        188.4     229.1     295.8      64.6      249 %      20 %     413.7     260.9       59 %
    Toll refined production
      Total 4E toll refined production                000 oz        153.8        175.9     146.5     129.4      96.0       60 %     (13)%     329.7     227.6       45 %
      Platinum                                        000 oz             92.5    105.7      89.2      75.7      58.4       58 %     (13)%     198.2     137.0       45 %
      Palladium                                       000 oz             46.4     53.4      46.3      35.5      30.0       55 %     (13)%      99.8      70.4       42 %
    PGM Sales volume from production
    PGM ounces                                        000 oz      1,437.1       1,131.1    754.3     884.9     548.0      162 %      27 %    2,568.2   1,229.3     109 %
      Platinum                                        000 oz        662.5        434.7     311.2     448.5     195.7      239 %      52 %    1,097.2    435.6      152 %
      Palladium                                       000 oz        462.1        267.2     258.2     261.7     160.9      187 %      73 %     729.3     383.4       90 %
    Trading sales volume5
    PGM ounces                                        000 oz        116.1        221.5     370.8     341.0     210.5      (45)%     (48)%     337.6     459.2      (26)%
      Platinum                                        000 oz             36.0    101.9     176.3     105.0      84.2      (57)%     (65)%     137.9     146.3       (6) %
      Palladium                                       000 oz             74.4    101.3     172.8     214.6     123.1      (40)%     (27)%     175.7     292.3      (40)%
    Realised prices and exchange rate
    Platinum                                        (US$/oz)        1,189        1,142       862       900       798       49 %       4%      1,170       873       34 %
    Palladium                                       (US$/oz)        2,767        2,424     2,341     2,160     2,120       31 %      14 %     2,641     2,165       22 %
    Rhodium                                         (US$/oz)       26,758       20,224    14,430     9,851     8,947      199 %      32 %    24,377     8,804      177 %
    Iridium                                         (US$/oz)        5,966        4,465     1,751     1,634     1,586      276 %      34 %     5,398     1,525      254 %
    Ruthenium                                       (US$/oz)             519       292       246       246       250      108 %      78 %       366       241       52 %
    Gold                                            (US$/oz)        1,821        1,737     1,855     1,897     1,726        5%        5%      1,792     1,639        9%
    Average FX achieved on sales                   ZAR/US$          14.09        14.96     15.80     16.84     18.08      (22)%      (6) %    14.41     16.44      (12)%
    US$ realised basket price                         (/PGM         3,407        2,219     2,503     1,747     1,757       94 %      54 %     2,884     1,956       47 %
    ZAR realised basket price                            oz)
                                                      (/PGM        47,865       33,184    39,569    29,595    31,765       51 %      44 %    41,400    32,166       29 %
    US$ realised basket price                              oz)
                                                      (/Pt oz)      7,390        5,774     6,067     3,447     4,920       50 %      28 %     6,750     5,520       22 %
    ZAR realised basket price                         (/Pt oz)    103,837       86,348    95,917    58,388    88,937       17 %      20 %    96,908    90,776        7%

4
     Trading sales volume - not produced by Anglo Platinum operations.
                                                                                                         




Sponsor: Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities.

For further information, please contact:

Investors:                                                        Media:
Emma Chapman                                                      Jana Marais
(SA) +27 (0) 76 480 1570                                          (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 and
smelter in Zimbabwe. Anglo American Platinum has two joint operations 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 operations, with a broad range of future development
options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and
that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business,
we use innovative practices and the latest technologies to discover new resources and to mine, process, move and
market our products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore
and metallurgical coal for steelmaking, and nickel – with crop nutrients in development – we are committed to being
carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of
stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as
a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value
from precious natural resources for the benefit of the communities and countries in which we operate, for society as a
whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com

Date: 20-07-2021 08:00:00
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