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ANGLO AMERICAN PLATINUM LIMITED - PGMs Production Report for the first quarter ending 31 March 2022

Release Date: 21/04/2022 08:20
Code(s): AMS     PDF:  
Wrap Text
PGMs Production Report for the first quarter ending 31 March 2022

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")

21 April 2022


Anglo American Platinum Limited
PGMs Production Report for the first quarter ending 31 March 2022


Overview – Q1 2022 performance against prior period Q1 2021

• Safety performance – zero work-related fatalities in Q1 2022 at all operations.

• Total PGMs production (expressed as 5E+Au metal-in-concentrate) decreased 6% to 956,000 ounces.

• Own-managed mines PGMs production of 529,200 ounces decreased by 11% primarily due to lower production from
  Mogalakwena which was impacted by heavy rainfall and redirected mining into lower-grade areas, and Covid-19 impacting
  delivery of equipment, partially offset by improved performances at Amandelbult, Mototolo and Unki.

• Refined PGMs production (owned production, excluding tolling) decreased by 26% to 718,500 ounces due to more normalised
  throughput, as Q1 2021 benefited from higher-than-normal work-in-progress inventory following the ACP Phase A rebuild and
  commissioning in Q4 2020.

• PGMs sales volumes (from production, excluding sales from trading) decreased by 26% to 838,200 ounces in line with lower
  refined production.

• Revised 2022 guidance - metal-in-concentrate production revised to between 3.9 - 4.3 million PGM ounces (previously 4.1 -
  4.5 million PGM ounces), refined production revised to between 4.0 - 4.4 million PGM ounces (previously 4.2 - 4.6 million PGM
  ounces) and unit cost per PGM ounce produced revised to R14,000 - R15,000 per PGM ounce (previously R13,800 - R14,500
  per PGM ounce).


Natascha Viljoen, CEO of Anglo American Platinum, said:

“Our strong commitment to and focus on safety resulted in no work-related fatalities at all operations in the quarter, including
our Joint Operations. We continue to work extremely hard at all operations to improve the safety of our people and were able to
reduce our total-recordable-case-injury-frequency rate (TRCFR) by 19% to 2.16 per million hours worked. Tragically, post the
quarter end, we lost our colleague, Mr Boitshepo "Julian" Sesinyi. Julian showed tremendous courage and a fighting spirit in his
rehabilitation, following a slip-and-fall incident at the ACP processing facility on 23 November 2021 when he sustained a serious
spinal injury. Sadly, he succumbed to a complication whilst recovering at the rehabilitation facility. A full investigation into the
cause of Julian's passing is underway. We once again send our deepest condolences to his family, friends and colleagues.
Whilst seasonally Q1 is generally a lower production quarter, as employees complete medical onboarding following the December
break, we saw total PGM production decrease by 6%. The severe rainfall across South Africa in the first quarter impacted mining
activity at Mogalakwena, leading to mining activity being redirected to lower grade areas, as well as utilising low-grade ore
stockpiles to offset this headwind. This was partially offset by improved performances at Amandelbult, Mototolo and Unki. We
continue to feel the impact of Covid-19, with supply chain disruptions impacting delivery of heavy mining equipment (HME),
delaying our ability to drill and develop at Mogalakwena.

Refined PGM production decreased by 26% to 718,500 PGM ounces, to a more normalised level of throughput, as Q1 2021
benefited from higher-than-normal work-in-progress inventory following the ACP Phase A rebuild and commissioning in Q4 2020.
In addition, planned annual maintenance and the annual stock count resulted in additional downtime of processing assets in Q1
2022. Sales volumes were lower in line with refined production. We successfully recommissioned the Anglo Convertor Plant (ACP)
phase B unit in the period.


With our stated strategic objective of embedding asset reliability across our assets we will continue with the planned rebuild of
the Polokwane smelter in Q3. During this period, we will use this time to take Mogalakwena South Concentrator down for planned
extended maintenance. As a result of the headwinds in Q1 leading to a slow start to the year, the delay in delivery of HME, and
with the planned maintenance in Q3, we will see an impact on production, with little ability to catch-up in the year. In addition,
we anticipate lower receipts of third-party purchase of concentrate and as a result, we have conservatively decided to revise
down metal-in-concentrate production to 3.9 - 4.3 million PGM ounces. Refined production will therefore also revise down to
between 4.0 - 4.4 million ounces and our unit cost guidance is revised to between R14,000 - R15,000 per PGM ounce due to lower
anticipated production and the continued inflationary pressure on input costs.


The discipline to continue with the asset reliability maintenance cycle means we will see short term impacts on production, but
we continue to improve our operating environment and the reliability of our assets to deliver sustainable value creation.”



 Anglo American Platinum                                                                                                      Q1 2022    Q1 2022
 PGM Production Report - Q1 2022                                            Q1             Q4        Q3        Q2        Q1        vs         vs
 1 January 2022 - 31 March 2022                                           2022         2021        2021      2021      2021   Q1 2021    Q4 2021
 M&C PGM¹ production (000 ounce) ²                                     956.0       1,103.4      1,116.2   1,057.9   1,021.2      (6) %    (13) %
   Own-managed mines                                                   529.2         634.6        606.3     601.5     594.4    (11) %     (17) %
   Joint operations owned volume                                         93.9          99.7       113.7     107.8     100.3      (6) %      (6) %
   Joint operations purchase of concentrate                              93.9          99.7       113.7     107.8     100.3      (6) %      (6) %
   Third party purchase of concentrate                                 239.0         269.4        282.6     240.9     226.0      6 %      (11) %


 Refined PGM production owned (000 ounce) ²                            718.5       1,391.3      1,420.4   1,353.7    973.0     (26) %     (48) %
 4E Toll refined production                                            154.8         179.5        164.6     153.8     175.9    (12) %     (14) %
 Total refined production (owned and toll)                             873.3       1,570.8      1,585.0   1,507.5   1,148.9    (24) %     (44) %
 PGM sales volume from production (000 ounce)                          838.2       1,285.2      1,361.0   1,437.1   1,131.1    (26) %     (35) %
 Trading sales volume3                                                 400.9         272.8        160.2     116.1     221.5     81 %       47 %
 Total sales volume (production and trading)                         1,239.1       1,558.0      1,521.2   1,553.2   1,352.6      (8) %    (20) %
¹ PGM is the 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 work-related fatalities during the quarter at all operations, including Joint Operations,
Kroondal and Modikwa. The Total Recordable Case Frequency Rate (TRCFR) per million hours at managed operations improved
by 19% to 2.16 per million hours, compared to 2.68 per million hours in the prior period. Significant management effort is focusing
on high potential incidents to reduce injuries, resulting in a record safety performance.

Tragically, post the quarter end, we lost our colleague, Mr Boitshepo "Julian" Sesinyi. Julian showed tremendous courage and a
fighting spirit in his rehabilitation, following a slip-and-fall incident at the ACP processing facility on 23 November 2021 when he
sustained a serious spinal injury. Sadly, he succumbed to a complication whilst recovering at the rehabilitation facility. A full
investigation into the cause of Julian's passing is underway. We once again send our deepest condolences to his family, friends
and colleagues.

Metal-in-concentrate (M&C) PGM production
Total PGM production

Total PGM production in Q1 2022 decreased 6% against the prior period (Q1 2021) to 956,000 ounces, with platinum production
5% lower to 444,300 ounces, and palladium production 10% lower to 296,600 ounces.


PGM production from own-managed mines

Total PGM production from own-managed mines decreased by 11% to 529,200 ounces (platinum production decreased by 10%
to 241,000 ounces, while palladium production decreased by 15% to 191,600 ounces).

PGM Production at Mogalakwena decreased by 24% to 248,800 ounces compared to the record production from the mine in the
prior period (platinum decreased by 24% to 104,400 and palladium production decreased by 25%, to 114,500 ounces). The
decrease was largely due to a 17% reduction in 4E built-up head grade to 2.81g/t from 3.39g/t, as severe rainstorms led to the
redirection of mining to lower grade areas, as well as lower grade ore stockpiles being utilised. In addition, Covid-19 and global
geopolitical events are impacting supply chains, which has delayed delivery of HME to site, impacting advancement in drilling. As
the South Concentrator will undergo planned maintenance in Q3, to coincide with the Polokwane smelter rebuild, there will be
little ability to make up production in 2022.

PGM production from Amandelbult increased by 3% to 159,900 ounces (platinum production increased by 2% to 81,400 ounces
and palladium production increased by 4% to 37,100 ounces), despite further infrastructure closures in Q2 2021 (which benefited
the prior period by c.19,200 PGM ounces). Amandelbult saw an improvement in underground mining performance, which also
resulted in an increase in 4E built-up head grade.

Mototolo PGM production increased by 15% to 67,200 ounces (platinum production increased by 14% to 30,700 ounces and
palladium increased by 17% to 19,700 ounces), due to higher grade and an improved return-to-work process following the
December holiday period.

Unki PGM production increased by 5% to 53,300 ounces (platinum production increased by 8% to 24,500 ounces and palladium
production increased by 2% to 20,300 ounces). The concentrator debottlenecking project was completed in Q4 2021 which
increased concentrator capacity from 180ktpm to 210ktpm. Increased underground mining and ore stockpile availability led to a
21% increase in tonnes milled. Further work is planned to increase plant stability which should lead to an improvement in
throughput.


PGM production from Joint Operations (50% own-mined production and 50% purchase of concentrate)
                                                                                                                               
Total PGM production from Joint Operations decreased by 6% to 187,800 ounces (platinum production decreased by 4% to 85,600
ounces while palladium production decreased by 8% to 55,200 ounces).

Total Kroondal PGM production decreased by 7% to 119,200 ounces (platinum production decreased by 5% to 58,600 ounces and
palladium production decreased by 9% to 29,600 ounces) largely due to the natural decline of Simunye and lower grades at the
Bambanani and Kwezi shafts. This was partly offset by production from the new Kilpfontein opencast.

Total Modikwa PGM production decreased by 4% to 68,600 ounces (platinum production decreased by 4% to 27,000 ounces and
palladium production decreased 5% to 25,600 ounces) as the mine milled Merensky ore that was not milled in the prior period,
which slightly lowered 4E built-up head grade and recovery.

Purchases of PGM concentrate from third parties

Purchase of PGM concentrate (POC) from third parties increased by 6% to 239,000 ounces (platinum POC increased 6% to 117,700
ounces and palladium POC increased by 7% to 49,700 ounces) primarily due to the continued recovery of third-party volumes
from the impact of Covid-19.

Base metal production

Total base metal production (copper and nickel) decreased 6%, with nickel down 5% to 4,600 tonnes and copper down 8% to
3,400 tonnes impacted by lower production from Mogalakwena.


Refined PGM production

Refined PGM production (from owned production, excluding tolling) decreased by 26% to 718,500 ounces, due to more
normalised throughput, as Q1 2021 benefited from higher-than-normal work-in-progress inventory following the ACP Phase A
rebuild and commissioning in Q4 2020. In addition, planned annual maintenance and the annual stock count (including at the
Precious Metal Refinery which only occurs every three years) resulted in additional downtime of processing assets in Q1 2022.
Refined platinum production decreased by 27% to 334,100 ounces and refined palladium production decreased by 28% to
228,100 ounces.

Toll refined PGM production decreased by 12% to 154,800 PGM ounces.

The Anglo Convertor Plant (ACP) Phase B unit was successfully commissioned in the quarter and the Phase A unit decommissioned
for planned maintenance.


PGM sales volumes

PGM sales volumes (excluding trading) decreased by 26% to 838,200 ounces, in line with lower refined production. Platinum sales
volumes decreased by 23% to 333,300 ounces and palladium sales volumes decreased by 12% to 235,800 ounces. The average
realised basket price of $2,685/PGM ounce reflects a more normal level of ruthenium sales volumes compared to Q1 2021.

PGM sales volumes from trading increased 81% to 400,900 ounces.


2022 Guidance

Headwinds experienced in Q1 including excessive rainfall, resulting in a slower start to the year, as well as the ongoing effects of
Covid-19 impacting supply chains, and the delivery of heaving mining equipment to site, has impacted the outlook for PGM
production in 2022. The commitment to asset reliability and the planned maintenance at Polokwane smelter and Mogalakwena
South Concentrator in Q3, means there is little ability to make up the shortfall in production in the year. In addition, third party                                                                                                                                                      
purchase of concentrate receipts are expected to be lower than anticipated. As a result, we revise our metal-in-concentrate (M&C)
guidance to 3.9 - 4.3 million PGM ounces (1) (previously 4.1–4.5 million ounces).

As a result of lower M&C production, we revise our refined production guidance to 4.0 - 4.4 million PGM ounces (previously 4.2
- 4.6 million ounces), subject to the potential impact of further Eskom load-shedding. Both are subject to the extent of further
Covid-19 related disruption.

As a result of lower M&C production, as well as the impact of continuing high levels of input inflation, we revise our unit cost
guidance to between R14,000 - R15,000 per PGM ounce, (previous guidance was R13,800 – R14,500 per PGM ounce), which
incorporates a higher oil price of ~$100 /barrel.




(1)   Metal in concentrate production is expected to be 1.8 – 2.0 million ounces of platinum, 1.2 – 1.3 million ounces of palladium, and 0.9 – 1.0 million ounces
      of other PGMs and gold.
                                                                                                                                   




Anglo American Platinum                                                                                  Q1 2022      Q1 2022
PGM Production Report - Q1 2022                            Q1        Q4        Q3        Q2        Q1         vs           vs
1 January 2022 - 31 March 2022                           2022      2021      2021      2021      2021    Q1 2021      Q4 2021
Safety
Fatalities - own managed operations          number          0         0         0         0         0
Total recordable injury frequency rate   /Million hrs.    2.16      2.55      2.26      2.91      2.68    (19)    %    (15)    %
Total M&C PGM production                       000 oz    956.0   1,103.4   1,116.2   1,057.9   1,021.2      (6)   %    (13)    %
  Platinum                                     000 oz    444.3     511.2     519.1     488.3     468.0      (5)   %    (13)    %
  Palladium                                    000 oz    296.6     345.2     342.6     334.4     330.5    (10)    %    (14)    %
Tonnes milled                                     000    6,609     7,217     7,112     7,170     6,707      (1)   %      (8)   %
4E Built-up head grade                             g/t    3.24      3.49      3.47      3.49      3.54      (8)   %      (7)   %
Own mined volume
Total mined production
Total M&C PGM production                      000 oz     623.1    734.3     720.0     709.3     694.7     (10)    %    (15)    %
  Platinum                                    000 oz     283.8    332.4     328.6     323.0     312.3       (9)   %    (15)    %
  Palladium                                   000 oz     219.3    258.6     249.8     253.2     254.3     (14)    %    (15)    %
Tonnes milled                                   000      6,608    7,217     7,112     7,170     6,707       (1)   %      (8)   %
4E Built-up head grade                           g/t      3.24     3.49      3.47      3.49      3.54       (8)   %      (7)   %
Own managed mines
Total M&C PGM production                      000 oz     529.2    634.6     606.3     601.5     594.4     (11)    %    (17)    %
  Platinum                                    000 oz     241.0    287.7     277.6     274.5     267.5     (10)    %    (16)    %
  Palladium                                   000 oz     191.6    229.1     215.9     221.7     224.4     (15)    %    (16)    %
Tonnes milled                                   000      5,789    6,391     6,192     6,263     5,895       (2)   %      (9)   %
4E Built-up head grade                           g/t      3.21     3.48      3.43      3.47      3.52       (9)   %      (8)   %
Mogalakwena mine
Total M&C PGM production                      000 oz     248.8    300.8     276.5     308.4     328.9     (24)    %    (17)    %
  Platinum                                    000 oz     104.4    126.2     116.9     131.0     138.0     (24)    %    (17)    %
  Palladium                                   000 oz     114.5    138.1     127.7     142.9     152.0     (25)    %    (17)    %
Tonnes milled                                   000      3,315    3,533     3,441     3,677     3,553       (7)   %      (6)   %
4E Built-up head grade                           g/t      2.81     3.22      3.05      3.26      3.39     (17)    %    (13)    %
Amandelbult mine
Total M&C PGM production                      000 oz     159.9    213.6     218.3     185.3     156.0        3    %    (25)    %
  Platinum                                    000 oz      81.4    107.7     109.5      94.4      79.9        2    %    (24)    %
  Palladium                                   000 oz      37.1     49.9      51.6      42.9      35.6        4    %    (26)    %
Tonnes milled                                   000      1,203    1,639     1,587     1,455     1,243       (3)   %    (27)    %
4E Built-up head grade                           g/t      4.20     4.18      4.33      4.13      4.04        4    %      —     %
Unki mine
Total M&C PGM production                      000 oz      53.3     63.3      42.5      47.9      50.9        5    %    (16)    %
  Platinum                                    000 oz      24.5     28.0      19.0      21.5      22.6        8    %    (13)    %
  Palladium                                   000 oz      20.3     24.9      16.6      18.7      20.0        2    %    (18)    %
  Tonnes milled                                 000       629      599       468       502       521       21     %       5    %
4E Built-up head grade                           g/t      3.26     3.59      3.52      3.45      3.52       (7)   %      (9)   %
Mototolo mine
Total M&C PGM production                      000 oz      67.2     56.9      69.0      59.9      58.6      15     %     18     %
  Platinum                                    000 oz      30.7     25.9      32.2      27.6      27.0      14     %     19     %
  Palladium                                   000 oz      19.7     16.2      20.0      17.2      16.8      17     %     22     %
Tonnes milled                                   000       642      620       696       629       577       11     %      4     %
4E Built-up head grade                           g/t      3.38     3.00      3.23      3.13      3.20       6     %     13     %
Joint operations mined production

Total M&C PGM production                      000 oz      93.9     99.7     113.7     107.8     100.3       (6)   %      (6)   %
  Platinum                                    000 oz      42.8     44.7      51.0      48.5      44.8       (4)   %      (4)   %
  Palladium                                   000 oz      27.6     29.5      33.9      31.5      29.9       (8)   %      (6)   %
Tonnes milled                                   000       819      827        920       907       812        1    %      (1)   %
4E Built-up head grade                           g/t      3.46     3.62      3.68      3.64      3.70       (7)   %      (5)   %
Modikwa mine
Total M&C PGM production                      000 oz      34.3     36.4      39.8      34.3      35.9       (4)   %      (6)   %
  Platinum                                    000 oz      13.5     14.4      15.6      13.5      14.0       (4)   %      (6)   %
  Palladium                                   000 oz      12.8     13.8      15.0      12.9      13.5       (5)   %      (7)   %
Tonnes milled                                   000       287      294       311       286       288        —     %      (2)   %
4E Built-up head grade                           g/t      3.56     3.76      3.93      3.76      3.89       (8)   %      (5)   %
Kroondal mine
Total M&C PGM production                      000 oz      59.6     63.4      73.9      73.4      64.4       (7)   %      (6)   %
  Platinum                                    000 oz      29.3     30.3      35.4      35.0      30.8       (5)   %      (3)   %
  Palladium                                   000 oz      14.8     15.9      18.9      18.6      16.3       (9)   %      (7)   %
Tonnes milled                                   000       532      533       609       621       525         1    %      —     %
4E Built-up head grade                           g/t      3.40     3.54      3.56      3.59      3.60       (6)   %      (4)   %
                                                                                                                                                




    Anglo American Platinum                                                                                               Q1 2022    Q1 2022
    PGM Production Report - Q1 2022                                          Q1       Q4        Q3        Q2        Q1         vs         vs
    1 January 2022 - 31 March 2022                                        2022      2021      2021      2021      2021    Q1 2021    Q4 2021
    Purchase of concentrate
    Total purchase of concentrate
    PGM production                                        000 oz         332.9     369.1     396.3      348.7    326.3        2 %     (10) %
      Platinum                                            000 oz         160.5     178.8     190.5      165.3    155.7       3 %      (10) %
      Palladium                                           000 oz           77.3     86.6      92.8       81.2     76.2       1 %      (11) %

    Joint operations purchase of concentrate

    PGM production                                        000 oz           93.9     99.7     113.7      107.8    100.3       (6) %      (6) %
      Platinum                                            000 oz           42.8     44.7      51.0       48.5     44.8       (4) %      (4) %
      Palladium                                           000 oz           27.6     29.5      33.9       31.5     29.9       (8) %      (6) %
    Third party purchase of concentrate
    PGM production                                        000 oz         239.0     269.4     282.6      240.9    226.0        6 %     (11) %
      Platinum                                            000 oz         117.7     134.1     139.5      116.8    110.9       6 %      (12) %
      Palladium                                           000 oz           49.7     57.1      58.9       49.7     46.3       7 %      (13) %
    Refined PGM production - owned
    PGM ounces                                            000 oz         718.5    1,391.3   1,420.4   1,353.7    973.0     (26) %     (48) %
      Platinum                                            000 oz         334.1     653.5     662.8      625.8    457.8     (27) %     (49) %
      Palladium                                           000 oz         228.1     423.2     459.8      427.5    317.0     (28) %     (46) %
      Rhodium                                             000 oz           46.3     97.7      92.3       94.2     63.0     (27) %     (53) %
      Minor PGMs and gold                                 000 oz         110.0     216.9     205.5      206.2    135.2     (19) %     (49) %
    Base metal production - owned
      Nickel                                              tonnes       4,628.1    5,682.9   5,912.8   5,837.6   4,848.0      (5) %    (19) %
      Copper                                              tonnes       3,393.3    3,975.9   3,632.5   3,338.0   3,672.6      (8) %    (15) %
      Chrome                                                000 t        180.6     189.5     284.6      225.3    188.4       (4) %      (5) %
    Toll refined production
      Total 4E toll refined production                    000 oz         154.8     179.5     164.6      153.8    175.9     (12) %     (14) %
      Platinum                                            000 oz           91.2    106.8      98.3       92.5    105.7     (14) %     (15) %
      Palladium                                           000 oz           46.6     55.2      50.9       46.4     53.4     (13) %     (16) %
    PGM Sales volume from production
    PGM ounces                                            000 oz         838.2    1,285.2   1,361.0   1,437.1   1,131.1    (26) %     (35) %
      Platinum                                            000 oz         333.3     632.9     637.2      662.5    434.7     (23) %     (47) %
      Palladium                                           000 oz         235.8     395.1     465.1      462.1    267.2     (12) %     (40) %
    Trading sales volume4
    PGM ounces                                            000 oz         400.9     272.8     160.2      116.1    221.5      81 %       47 %
      Platinum                                            000 oz         231.2     175.3      96.1       36.0    101.9     127 %       32 %
      Palladium                                           000 oz         147.0      84.8      57.8       74.4    101.3      45 %       73 %
    Realised prices and exchange rate
    Platinum                                            (US$/oz)            998      986     1,031      1,189    1,142     (13) %       1 %
    Palladium                                           (US$/oz)         2,097     1,971     2,519      2,767    2,424     (13) %       6 %
    Rhodium                                             (US$/oz)        17,161    13,788    18,346     26,758   20,224     (15) %      24 %
    Iridium                                             (US$/oz)         3,874     3,792     4,889      5,966    4,465     (13) %       2 %
    Ruthenium                                           (US$/oz)            476      530       652       519       292      63 %      (10) %
    Gold                                                (US$/oz)         1,873     1,791     1,780      1,821    1,737       8 %        5 %
    Average FX achieved on sales                        ZAR/US$          15.16     15.43     14.67      14.09    14.96       1 %        (2) %
    US$ basket price per PGM ounce                      (US$/oz)         2,685     2,434     2,838      3,407    2,219      21 %       10 %
    ZAR basket price per PGM ounce                      (ZAR/oz)        40,458    37,500    41,675     47,865   33,184      22 %        8 %
    US$ basket price per Platinum ounce                 (US$/oz)         6,753     4,943     6,062      7,390    5,774      17 %       37 %
    ZAR basket price per Platinum ounce                 (ZAR/oz)       101,752    76,152    89,011    103,837   86,348      18 %       34 %
4     Trading sales volume - not produced by Anglo American Platinum operations.
                                                                                                                        




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

For further information, please contact:

Investors:                                                            Media:
Emma Chapman                                                  Nomonde Ndwalaza
(SA) +27 (0) 11 373 6239                                      (SA) +27 (0) 11 638 0228
emma.chapman@angloamerican.com                                        nomonde.ndwalaza@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 future-enabling 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: 21-04-2022 08:20:00
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