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Anglo American completes 10-strong chartered fleet of lower emission LNG dual-fuelled vessels

Published: 2024-02-28 11:00:33 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

28 February 2024

Anglo American completes 10-strong chartered fleet of lower emission LNG dual-fuelled vessels

Anglo American announces delivery of the last of its 10-strong chartered fleet of Capesize+ Liquefied
Natural Gas (LNG) dual-fuelled bulk carriers, the Ubuntu Liberty. The Ubuntu Liberty’s maiden voyage
from China to Saldanha Bay, South Africa to collect a cargo of high quality iron ore will mark the successful
on-time delivery of all 10 ships built over the last three years with a zero incident safety record together
with Shanghai Waigaoqiao Shipbuilding Co. Ltd.

Matt Walker, CEO of Anglo American’s Marketing business, said: "Launching the final vessel of our
Ubuntu fleet is a very large manifestation of our commitment to more sustainable shipping. This
milestone is testament to our dedication to a sustainable path forward for our controllable ocean freight,
ensuring the delivery of essential resources to our customers around the world while minimising our
environmental footprint. It also puts us in a market leading position as the charterer of the largest LNG
dual-fuelled Capesize+ fleet in the world.

“By adopting more sustainable and lower carbon fuel options like LNG, we are actively contributing to a
cleaner, greener future for the maritime industry. Our customers have shown keen interest in accessing
our Ubuntu freight, demonstrating growing recognition of the value of sustainable shipping as part of a
more sustainable supply chain that end consumers increasingly expect.

“I thank Shanghai Waigaoqiao Shipbuilding Co. Ltd for its collaboration to deliver these vessels on time,
on budget and most importantly, with a stellar zero-safety incident record. Our gratitude also goes to all
the other companies and agencies that partnered with us to make the Ubuntu fleet roll out a success.”

The Ubuntu fleet is a key component of Anglo American’s ambition to achieve carbon-neutrality for its
controlled ocean freight by 2040, aligning with Anglo American’s Sustainable Mining Plan commitment
to carbon neutral operations across our mines by the same year. The LNG dual-fuelled vessels offer an
estimated 35% reduction in emissions compared to ships fuelled by conventional marine oil fuel and are
the most efficient vessels of their type today.

Since the first vessel was loaded in early 2023, the Ubuntu fleet has successfully and safely moved 6.4
million tonnes of iron ore and steelmaking coal across global shipping routes. Additionally, the Ubuntu
fleet has conducted over 30 refuelling stops for LNG in strategic locations such as Singapore and Malaysia,
further demonstrating our commitment to embracing sustainable fuel alternatives.

In 2022, the shipping industry was responsible for nearly 3% of the world’s greenhouse gas emissions.
This underscores the importance of implementing targets and initiatives that work towards a more
sustainable business by adopting cleaner fuel alternatives such as LNG in shipping operations.




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
The full fleet and their flags as below:


 Vessel Name                               Flag State               Date Delivered

 Ubuntu Harmony                            Singapore                19th December 2022

 Ubuntu Equality                           Singapore                03rd January 2023

 Ubuntu Integrity                          Singapore                31st January 2023

 Ubuntu Loyalty                            Singapore                22nd March 2023

 Ubuntu Unity                              Greece                   28th February 2023

 Ubuntu Community                          Greece                   18th April 2023

 Ubuntu Empathy                            UK                       09th May 2023

 Ubuntu Humanity                           UK                       18th May 2023

 Ubuntu Sincerity                          UK                       29th January 2024

 Ubuntu Liberty                            UK                       27th February 2024


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                                Juliet Newth
 rebecca.meeson-frizelle@angloamerican.com              juliet.newth@angloamerican.com
 Tel: + 44 (0)20 7968 1374                              Tel: +44 (0)20 7968 8830

 South Africa                                           Michelle Jarman
 Nevashnee Naicker                                      michelle.jarman@angloamerican.com
 nevashnee.naicker@angloamerican.com                    Tel: +44 (0)20 7968 1494
 Tel: +27 (0)11 638 3189

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

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Notes:
In the Sea Cargo Charter Annual Disclosure Report 2023, it was noted that Anglo American’s shipping
scored -3.7% on our annual activity alignment climate alignment score for 2022, which is well within the
limits of the permitted alignment trajectory, demonstrating that our drive to improve the efficiency of
our shipping operations is yielding the desired outcomes1.

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), and
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




In this document, references to “Anglo American”, the “Anglo American Group”, the “Group”, “we”, “us”, and “our”
are to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally, or where it
is not necessary to refer to a particular entity, entities or persons. The use of those generic terms herein is for
convenience only, and is in no way indicative of how the Anglo American Group or any entity within it is structured,
managed or controlled. Anglo American subsidiaries, and their management, are responsible for their own day-to-
day operations, including but not limited to securing and maintaining all relevant licences and permits, operational
adaptation and implementation of Group policies, management, training and any applicable local grievance
mechanisms. Anglo American produces group-wide policies and procedures to ensure best uniform practices and
standardisation across the Anglo American Group but is not responsible for the day to day implementation of such
policies. Such policies and procedures constitute prescribed minimum standards only. Group operating subsidiaries
are responsible for adapting those policies and procedures to reflect local conditions where appropriate, and for
implementation, oversight and monitoring within their specific businesses.




1 Signatories to the Sea Cargo Charter have committed to reporting the climate alignment of their shipping activities for each
calendar year. Underpinning this annual activity score are individual voyage climate alignment scores which express the
difference (as a percentage) between measured carbon intensity and the required ship type/size decarbonisation trajectory value
for the year under review. A negative score indicates being below the limits of the permitted alignment trajectory.
Disclaimer
This document is for information purposes only and does not constitute, nor is to be construed as, an offer to sell or
the recommendation, solicitation, inducement or offer to buy, subscribe for or sell shares in Anglo American or any
other securities by Anglo American or any other party. Further, it should not be treated as giving investment, legal,
accounting, regulatory, taxation or other advice and has no regard to the specific investment or other objectives,
financial situation or particular needs of any recipient.

Forward-looking statements and third party information
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,
prospects and projects (including development plans and objectives relating to Anglo American’s products,
production forecasts and Ore Reserve and Mineral Resource positions) and sustainability performance related
(including environmental, social and governance) goals, ambitions, targets, visions, milestones 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, unanticipated downturns in business relationships with customers or their
purchases from Anglo American, mineral resource exploration and project development capabilities and delivery,
recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global
pandemics and outbreaks of infectious diseases, the impact of attacks from third parties on our information systems,
natural catastrophes or adverse geological conditions, climate change and extreme weather events, the outcome of
litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to obtain key
inputs in a timely manner, the ability to produce and transport products profitably, the availability of necessary
infrastructure (including transportation) services, the development, efficacy and adoption of new or competing
technology, challenges in realising resource estimates or discovering new economic mineralisation, the impact of
foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, liquidity
and counterparty risks, the effects of inflation, terrorism, war, conflict, political or civil unrest, uncertainty, tensions
and disputes and economic and financial conditions around the world, evolving societal and stakeholder
requirements and expectations, shortages of skilled employees, unexpected difficulties relating to acquisitions or
divestitures, competitive pressures and 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
included in this document is sourced from third party sources (including, but not limited to, externally conducted
studies and trials). 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.

©Anglo American Services (UK) Ltd 2024.                      TM   and    TM   are trademarks of Anglo American
Services (UK) Ltd.



Legal Entity Identifier: 549300S9XF92D1X8ME43