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Anglo American and Mitsubishi Materials to collaborate on responsible copper value chain

Published: 2023-10-11 18:15:25 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

11 October 2023

Anglo American and Mitsubishi Materials to collaborate on responsible copper value chain

Anglo American announces the signing of a memorandum of understanding with Mitsubishi Materials
Corporation (“Mitsubishi Materials”), to collaborate on the creation of a copper product offering that
responds to growing demand for metals with demonstrably strong provenance credentials.

The collaboration will focus on driving traceability across copper’s fragmented value chain, with the aim
of identifying and measuring sustainability indicators that industry stakeholders and end customers deem
most relevant and valuable. By using technology-driven traceability solutions, the two companies will
work together to provide such stakeholders with secure access to relevant product provenance
information.

Anglo American and Mitsubishi Materials will also explore decarbonisation opportunities to reduce the
overall carbon footprint of the metal provided to customers.

Paul Ward, Executive Head of Base Metals Marketing at Anglo American, said: “We are forging long-term
collaborations with customers across key geographies, building on well-established commercial
relationships to extend the impact of our commitment to create ethical value chains for our products
beyond our own mining operations.

“Consumers around the world are increasingly asking that their purchases come with greater assurance
of sustainable production. Our work with Mitsubishi Materials aims to accelerate efforts to increase
provenance visibility for materials used in some of the key technologies for modern life and to improve
living standards for a growing global population through sustainable socio-economic development.”

Nobuhiro Takayanagi, Managing Executive Officer Responsible for Sustainable Development at
Mitsubishi Materials Corporation, said, “Our company has set out ‘Our Commitment’ of ‘For people,
society and the earth, circulating resources for a sustainable future.’ We will build a connected system of
metal resources based on our strengths and realize growth throughout the value chain by expanding the
scope, regions, and scale of our operations. Through cooperation with Anglo American, we will promote
efforts to ensure transparency of product information.”

Mitsubishi Materials is a global manufacturer of copper and other non-ferrous metal materials, cemented
carbide tools, and electronic components.

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

                                                                                              Juliet Newth
  South Africa                                                                                Juliet.newth@angloamerican.com
  Nevashnee Naicker                                                                           Tel: +44 (0)20 7968 8830
  nevashnee.naicker@angloamerican.com
  Tel: +27 (0)11 638 3189                                                                     Michelle Jarman
                                                                                              michelle.jarman@angloamerican.com
  Sibusiso Tshabalala                                                                         Tel: +44 (0)20 7968 1494
  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 copper, nickel, platinum group metals, diamonds (through De Beers),
premium quality iron ore and steelmaking coal – 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




Forward-looking statements:


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
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