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Anglo American and Jiangxi Copper collaborate on responsible copper

Published: 2023-06-15 13:03:43 ET
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Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

15 June 2023

Anglo American and Jiangxi Copper collaborate on responsible copper

Anglo American and Jiangxi Copper Company (“Jiangxi Copper”), one of China’s largest copper producers,
have signed a memorandum of understanding to work together to provide greater assurance on the way
copper is mined, processed, and brought to market.

The agreement was signed during a visit to Jiangxi Copper’s headquarters in Nanchang, China, and is part
of Anglo American’s work with customers to create sustainable value chains beyond its own mining
operations, recognising consumers’ increasing expectations for sustainably sourced and supplied raw
materials.

Peter Whitcutt, CEO of Anglo American’s Marketing business, said: “We are developing a series of
partnerships to shape a more sustainable and customer-centric value chain – one that meets consumer-
driven demand for copper with demonstrably strong provenance credentials. That value chain begins
with our portfolio of high-quality and long-life assets, now also including our world-class Quellaveco mine
in Peru which began production in 2022.

“In line with our Sustainable Mining Plan goal to establish ethical value chains for our products, this
collaboration aims to support Jiangxi Copper’s efforts to contribute to the Chinese industry’s long-term
decarbonisation goals and transition to a greener economy, as we work to provide materials solutions
that are responsibly produced, sourced and delivered.”

China is the world’s largest copper consuming nation, representing more than half of global demand for
refined copper, fuelled by traditional applications in construction, appliances and machinery as well as
the fast-growing renewable energy and electric vehicle sectors, with copper expected to play a pivotal
role in enabling the country’s own decarbonisation progress.

“As one of the world's largest copper producers, Jiangxi Copper is committed to green, sustainable and
high-quality development. Through this cooperation with Anglo American, we will focus on advanced
technologies and innovative applications of mining, processing and smelting, and promote the
development of a sustainable and responsible copper supply chain with a focus on renewable energy
utilisation, energy conservation and emission reduction”, said Chen Yunian, Deputy General Manager of
Jiangxi Copper.

Anglo American’s managed copper operations in Chile – the Los Bronces and El Soldado mining
operations and the Chagres smelter – were awarded the Copper Mark, the assurance standard for
responsible production practices, in 2022.

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.
Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

  Media                                                                                       Investors

  UK                                                                                          UK
  James Wyatt-Tilby                                                                           Paul Galloway
  james.wyatt-tilby@angloamerican.com                                                         paul.galloway@angloamerican.com
  Tel: +44 (0)20 7968 8759                                                                    Tel: +44 (0)20 7968 8718

  Marcelo Esquivel                                                                            Emma Waterworth
  marcelo.esquivel@angloamerican.com                                                          Emma.waterworth@angloamerican.com
  Tel: +44 (0)20 7968 8891                                                                    Tel: +44 (0) 20 7968 8574

  Rebecca Meeson–Frizelle                                                                     Michelle Jarman
  Rebecca.meeson-frizelle@angloamerican.com                                                   michelle.jarman@angloamerican.com
  Tel: + 44 (0)20 7968 1374                                                                   Tel: +44 (0)20 7968 1494


  South Africa
  Nevashnee Naicker
  nevashnee.naicker@angloamerican.com
  Tel: +27 (0)11 638 3189

  Sibusiso Tshabalala
  sibusiso.tshabalala@angloamerican.com
  Tel: +27 (0)11 638 2175


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 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 steelmaking coal, 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




Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Anglo American’s products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability
of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities
exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
about Anglo American included in this document is sourced from publicly available third-party sources. As such it has
not been independently verified and presents the views of those third parties but may not necessarily correspond to
the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect
of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43




Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43