Anglo American Plc · LSE:AAL
Anglo American — Conference Presentation (October 2023)
18 slides from Anglo American's conference presentation, Oct 6, 2023
Slide 1: Ruben Fernandes, 6 October 2023
Ruben Fernandes 6 October 2023
Slide 2: Cautionary statement
Cautionary statement Disclaimer: This document has been prepared by Anglo American plc (“Anglo American”) and comprises the written Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be materials/slides for a presentation co
Slide 3: Unique portfolio supplying the world's needs & wants
Unique portfolio supplying the world’s needs & wants Steelmaking Diamonds Decarbonisation Coal High quality Iron Ore Production Manganese mix from Improving living long-term portfolio1 standards Crop Nutrients Nickel PGMs Food security Anglo American 3
Slide 4: Economic development underpins demand outlook
Economic development underpins demand outlook Significant increase in all commodities required Level of investment required implies for decarbonisation & just transition sustained higher prices are needed Copper (kg) per person2 Global installed copper stock (Mt)2 233 1,761 61 497 Current global Req
Slide 5: Copper supply challenges indicate pricing upside
Copper supply challenges indicate pricing upside Project capital intensity consistently And yet current project forecasts assume lower underestimated across the industry capital intensity than installed stock Capital intensity, $/tpa Cu3 Capital intensity, $/tpa Cu4 +56% -15% 21,400 25,426 +29% 21,5
Slide 6: Copper portfolio overview
Copper portfolio overview Sakatti Finland 29% Of Group EBITDA5 Peru Quellaveco expansion Quellaveco Chile Collahuasi 43% West Wall Mining EBITDA margin5 El Soldado Los Bronces 28% Los Bronces Sur Los Bronces Underground Operation Project Of Group capital employed6 Anglo American 6
Slide 7: A world class copper portfolio
A world class copper portfolio Quality assets With long-term growth potential Long life assets Low cost Estimated contained copper (Mt)9 >30 years Q2 average Ore Reserve Exclusive Mineral Resource 50 132 840-930kt >1Mt 664kt 20227 2023F8 Long-term8 Proved Probable Measured Indicated Inferr
Slide 8: Quellaveco ramped up & set to deliver strong returns
Quellaveco ramped up & set to deliver strong returns Average first 10 years10 Cost curve position 300kt Q1 Reserve life9 Strong operational performance 35 years Moly plant at steady-state Anglo American 8
Slide 9: Collahuasi: world class ore body - long life, low cost & expandable
Collahuasi: world class ore body - long life, low cost & expandable Reserve life9 Cost curve position 84 years Q1 Attributable production 2022 unit costs 250-300kt 87c/lb Anglo American 9
Slide 10: Los Bronces looking to lower unit costs
Los Bronces looking to lower unit costs Reserve life9 Cost curve position 34 years Q3 Annual production Ore characteristics & ~250kt water impacting near- term volumes & costs Anglo American 10
Slide 11: Collahuasi aiming for >1Mtpa by early 2030s
Collahuasi aiming for >1Mtpa by early 2030s H2 2023 2025-2028 ~2032 ~450ktpa our 44% share 5th ball mill Debottlenecking options 4th processing line & other options +15ktpa +20-50ktpa +100ktpa Anglo American 11
Slide 12: Brownfield studies at both Quellaveco & Los Bronces
Brownfield studies at both Quellaveco & Los Bronces Quellaveco • Current throughput of ~127.5ktpd • Near term low capex options to expand plant throughput; as well as further expansion potential • Significant regional potential Los Bronces Integrated Project • Permit for new areas of existing open c
Slide 13: Sakatti is a high grade, polymetallic greenfield option
Sakatti is a high grade, polymetallic greenfield option High grade, future-enabling ore body >100ktpa 11 Copper, battery-grade nickel, platinum, Cu eq production palladium, gold & cobalt Sakatti, Sodankyla - Finland 1.9% 5.2% Copper grade12 Cu eq grade12 State of the art mine design Pathway • Underg
Slide 14: FutureSmart Mining integrates innovative technology & sustainability
FutureSmart MiningTM integrates innovative technology & sustainability Technology Sustainable Mining Plan Delivering holistic sustainable outcomes South America renewable electricity Thriving communities & ethical value chains Los Bronces integrated water solution Anglo American 14
Slide 15: Delivering significant reductions in freshwater abstraction
Delivering significant reductions in freshwater abstraction Los Bronces integrated water solution Collahuasi desalination plant >45% Desalinated water 20 yr offtake from 2025 Desalination plant under construction ~66% reduction in water abstraction of water needs met through phase 1 Lowers
Slide 16: Fireside chat
Fireside chat Anglo American 16
Slide 17: Footnotes
Footnotes 1. Copper equivalent production is calculated including the equity share of De Beers’ production and using long-term consensus parameters. Future production levels are indicative and subject to further studies and final approval, see Cautionary Statement slide. 2. Internal analysis using W
Slide 18: Longer dated options also exist within the portfolio
Longer dated options also exist within the portfolio West Wall (Chile) Discovery programmes 8.9Mt contained copper9 Strong pipeline 0.46% TCu9 Targets in Namibia, Peru, Australia, Angola, Ecuador 50% ownership & more Mineral Resource Los Bronces Sur (Chile) Sourcing & origination 7.3Mt contained cop
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