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[OFFICIAL]
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 July 2022
Anglo American Platinum Limited
PGMs Production Report for the second quarter ending 30 June 2022
Overview – Q2 2022 performance against prior period Q2 2021
• Safety performance – tragically we lost one colleague from the ACP processing
facility following complications after a slip-and-fall accident in November 2021
and one colleague from the independently managed Modikwa operation in Q2 2022.
• Total PGMs production (expressed as 5E+Au metal-in-concentrate) decreased by 2% to
1,031,500 ounces.
• Own-managed mines PGMs production decreased by 2% to 586,700 ounces, primarily due
to lower production from Mogalakwena which was impacted by anticipated lower grade
and milled volume. The decrease was partially offset by a strong production
performance from Mototolo, up 26%, and a 38% increase at Unki due to increasing
production from the concentrator debottlenecking projects. Production from own-
managed mine operations was 11% higher compared to Q1 2022 as greater stability was
achieved across the operations.
• Refined PGMs production (owned production, excluding tolling) decreased by 8% to
1,240,600 ounces due to more normalised throughput, as Q2 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 16%
to 1,206,200 ounces in line with lower refined production. Higher volumes of
ruthenium were sold in Q2 2021 due to an increase in demand.
• Guidance for 2022 - metal-in-concentrate PGM production is maintained at 3.9 - 4.3
million ounces, refined PGM production is maintained at 4.0 - 4.4 million ounces
and unit cost per PGM ounce produced is maintained at R14,000 - R15,000 per PGM
ounce. However, all guidance is subject to the impact of further Eskom power
outages.
Natascha Viljoen, CEO of Anglo American Platinum, said:
[OFFICIAL]
“Tragically, and unacceptably, we lost two of our colleagues during the quarter. Mr
Boitshepo "Julian" Sesinyi showed tremendous courage and fighting spirit during 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. This is a stark
reminder to all of us that any accident can result in a colleague losing their life
and therefore we need to maintain our relentless focus on eliminating accidents.
On 10 June 2022, we lost our colleague Ms Phasoana Rheina Malatji from the independently
managed Modikwa operation. Ms Malatji, a construction crew member and employee of
Redpath, was fatally injured after being struck by an underground mining vehicle tyre
that was being moved. We once again send our deepest condolences to Mr Sesinyi’s and
Ms Malatji’s family, friends, and colleagues.
We continue to work extremely hard at all operations to ensure every colleague goes
home safely every day and we were able to reduce our total-recordable-case-injury-
frequency rate (TRCFR) by 11% to 2.60 per million hours worked.
Despite total PGM production being marginally lower in Q2 2022 against Q2 2021, I am
pleased with the improved stability across the operations as we build maturity in our
operating model and asset reliability. Lower mined production was due to Mogalakwena
mining through a low-grade area in line with the mine plan. Mototolo and Unki mines
both had a strong production performance, as both operations completed the integration
of the concentrator debottlenecking projects. Amandelbult was able to keep production
relatively flat, despite the infrastructure closures at the end of 2021. All operations
saw an improvement in production over Q1 2022 as greater stability was achieved at the
operations.
Refined production of 1,240,600 PGM ounces was lower as guided, as the built-up work-
in-progress inventory following the ACP incident in 2020 was largely refined in 2021
ahead of schedule. Sales volumes of 1,206,200 declined in line with refined production.
The discipline to continue with the asset reliability maintenance cycle means we will
see short term impacts on production, with both the Polokwane smelter and Mogalakwena
South Concentrator going into planned maintenance in Q3. We have set up the operations
for greater stability and should see increased runtime of Mogalakwena’s North
Concentrator and the smelters to ensure we meet our full year production guidance.
We continue to work on the building blocks of our strategy to ensure we deliver
sustainable value creation. This is evident in the signing of a five-year wage
agreement, a first for the Company and achieved without any industrial action. We also
continue to make progress with our plans to lead the industry in sustainability, not
least through the launch of our nuGen™ hydrogen-powered haul truck at Mogalakwena in
early May, offering the potential for a step-change reduction in our site emissions.”
[OFFICIAL]
Anglo American Platinum Q2 2022 H1 2022
PGM Production Report - Q2 2022 Q2 Q1 Q4 Q3 Q2 vs vs H1 H1 vs
1 April 2022 - 30 June 2022 2022 2022 2021 2021 2021 Q2 2021 Q1 2022 2022 2021 H1 2021
M&C PGM¹ production (000 ounce) ² 1,031.5 956.0 1,103.4 1,116.2 1,057.9 (2) 8 % 1,987.5 2,079.3 (4)
Own-managed mines 586.7 529.2 634.6 606.3 601.5 %
(2) 11 % 1,115. 1,196. %
(7)
Joint operations owned volume 99.6 93.9 99.7 113.7 107.8 %
(8) 6 % 9
193.5 1
208.1 %
(7)
Joint operations purchase of 99.6 93.9 99.7 113.7 107.8 %
(8) 6 % 193.5 208.1 %
(7)
concentrate
Third party purchase of concentrate 245.6 239.0 269.4 282.6 240.9 2 %
% 3 % 484.6 466.9 4 %
%
Refined PGM production owned (000 1,240.6 718.5 1,391.3 1,420.4 1,353.7 (8) 73 % 1,959.1 2,326.7 (16)
ounce)
4E Toll²refined production 143.4 154.8 179.5 164.6 153.8 %
(7) (7) 298.2 329.8 %
(10)
Total refined production (owned and 1,384. 873.3 1,570. 1,585. 1,507. %
(8) 58 %
% 2,257. 2,656. %
(15)
toll)
PGM sales volume from production (000 0
1,206.2 8 1,361.0
838.2 1,285.2 0 1,437.1
5 %
(16) 3 2,568.2
44 % 2,044.4 4 %
(20)
ounce) sales volume3
Trading 256.0 400.9 272.8 160.2 116.1 %
121 % (36) 656.9 337.6 %
95 %
Total sales volume (production and 1,462. 1,239. 1,558. 1,521. 1,553. (6) %
18 % 2,701. 2,905. (7)
trading) 2 1 0 2 2 % 3 8 %
¹ PGM is the sum of platinum, palladium, rhodium, iridium, ruthenium, and gold ounces.
² Referencing AAP guidance.
3 Trading
sales volume not produced by Anglo American Platinum operations.
[OFFICIAL]
Review of the quarter
Safety
Tragically, on 1 April 2022, 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.
At our independently managed Modikwa operation, we sadly also report that on 10 June
2022, we lost our colleague Ms Phasoana Rheina Malatji. Ms Malatji, a construction
crew member and employee of Redpath, was fatally injured after being struck by an
underground mining vehicle tyre that was being moved. We once again send our deepest
condolences to Mr Sesinyi’s and Ms Malatji’s family, friends, and colleagues.
The Total Recordable Case Frequency Rate (TRCFR) per million hours at managed
operations improved by 11% to 2.60 per million hours, compared to 2.91 per million
hours in the prior period. Significant management efforts are focused on contractor
safety, working collaboratively with our Joint Operations on safety, incorporating
learnings to stop repeat incidents and increased management oversight on high-risk
work.
Metal-in-concentrate (M&C) PGM production
Total PGM production
Total PGM production in Q2 2022 decreased 2% against the prior period (Q2 2021) to
1,031,500 ounces, with platinum production decreasing 2% to 479,100 ounces, and
palladium production decreasing 4% to 321,500 ounces. Total PGM production increased
8% against Q1 2022.
PGM production from own-managed mines
Total PGM production from own-managed mines decreased by 2% to 586,700 ounces
primarily due to lower production from Mogalakwena, partially offset by strong
production from Mototolo and Unki. Platinum production decreased by 2% to 268,600
ounces, while palladium production decreased by 5% to 211,700 ounces. We continue to
embed the Operating Model in our operations, increasing stability and driving
efficiencies at the operations, as well as implementing improvement projects to drive
further operational enhancements.
PGM production at Mogalakwena decreased by 15% to 261,400 ounces. Platinum decreased
by 15% to 110,700 and palladium production decreased by 15%, to 121,600 ounces. The
decrease was largely due to an anticipated 11% reduction in 4E built-up head grade to
2.91g/t from 3.26g/t, due to mining in a lower-grade area in line with the mine plan.
In addition, we identified an area of cultural significance which was planned for
waste dumping. We proactively changed the dumping strategy to change the area of waste
dumping, increasing the load-haul cycle. This impacted production, which we have
mitigated going forward by increasing the mining truck fleet, due to arrive in Q3
2022. The North Concentrator went into planned maintenance at the end of Q2 2022 which
[OFFICIAL]
also impacted tonnes milled but will allow for greater runtime into H2 2022. PGM
production benefited from an improvement in concentrator recovery. The South
Concentrator will undergo planned maintenance in Q3 2022. The delivery of heavy mining
equipment (HME) drills, which were delayed due to disrupted supply chains, arrived on
site in Q2 2022, allowing for an increase in drilling performance.
PGM production from Amandelbult decreased marginally by 1% to 183,400 ounces, due to
the closure of the Tumela Upper conventional infrastructures, reaching end of life in
December 2021 (which contributed c.19,000 PGM ounces in the prior period). Platinum
production decreased by 1% to 93,400 ounces and palladium production decreased by 1%
to 42,500 ounces This was partially offset by an increase in mechanised production and
improved performance from underground mining. Increased surface sources in the ore mix
delivered to the concentrator reduced the 4E built-up head grade by 6% to 3.89g/t.
Mototolo PGM production increased by 26% to 75,600 ounces due to an improvement in
mining and milling performance as a result of the completion of the concentrator
debottlenecking project. Improved ground conditions also resulted in an 8% increase in
4E built-up head grade to 3.39g/t. Platinum production increased by 26% to 34,700
ounces and palladium increased by 27% to 21,900 ounces,
Unki PGM production increased by 38% to 66,300 ounces. The concentrator
debottlenecking project was completed in Q4 2021 which increased concentrator capacity
from 180ktpm to 210ktpm. Increased mining to fill capacity led to a 24% increase in
tonnes milled. The 4E built-up head grade increased 12% to 3.87g/t, returning to a
more normalised grade. Platinum production increased by 38% to 29,700 ounces and
palladium production increased by 37% to 25,700 ounces.
PGM production from Joint Operations (50% own-mined production and 50% purchase of
concentrate)
Total PGM production from Joint Operations decreased by 8% to 199,200 ounces. Platinum
production decreased by 6% to 91,000 ounces while palladium production decreased by 7%
to 58,400 ounces.
Total Modikwa PGM production increased by 7% to 73,600 ounces in line with an 8% increase
in tonnes milled and an increase in concentrator recovery. Platinum production increased
by 10% to 29,600 ounces and palladium production increased 7% to 27,600 ounces.
Total Kroondal PGM production decreased by 14% to 125,600 ounces largely due to the
gradual ramp-down at Simunye shaft, which benefited the prior period by 13,900 PGM
ounces. Simunye shaft is forecast for shutdown towards Q4 2022 and geologically
challenging ground at Bambanani and Kwezi shafts, also negatively impacted the 4E built-
up head grade. Overall, Kroondal platinum production decreased by 12% to 61,400 ounces
and palladium production decreased by 17% to 30,800 ounces in the quarter.
Purchases of PGM concentrate from third parties
Purchase of PGM concentrate (POC) from third parties increased by 2% to 245,600 ounces
primarily due to the continued recovery of third-party volumes from the impact of Covid-
[OFFICIAL]
19. Platinum POC increased 2% to 119,500 ounces and palladium POC increased by 3% to
51,400 ounces.
Refined PGM production
Refined PGM production (from owned production, excluding tolling) decreased by 8% to
1,240,600 ounces, due to more normalised throughput, as Q1 2021 benefited from higher-
than-usual work-in-progress inventory following the ACP Phase A rebuild and
commissioning in Q4 2020. Refined platinum production decreased by 4% to 600,400 ounces
and refined palladium production decreased by 12% to 374,800 ounces.
Toll refined PGM production decreased by 7% to 143,400 PGM ounces.
Refined base metal production
Nickel production increased 7% to 6,200 tonnes and copper production increased 18% to
3,900 tonnes due to Mogalakwena mining through a high base metal area, as per the mine
plan. Increased stability at the base metal refinery also resulted in higher quality
nickel and copper, with increased levels of London Metal Exchange grade nickel produced.
PGM sales volumes
PGM sales volumes (excluding trading) decreased by 16% to 1,206,200 ounces, in line with
lower refined production. Platinum sales volumes decreased by 9% to 600,900 ounces and
palladium sales volumes decreased by 16% to 388,800 ounces.
The average Q2 2022 realised basket price of $2,661/PGM ounce was lower than the record
prices achieved in Q2 2021.
2022 Guidance
We maintain our metal-in-concentrate (M&C) PGM guidance at 3.9 - 4.3 million PGM ounces
(1) and our refined PGM production guidance at 4.0 - 4.4 million PGM ounces, subject to
the potential impact of Eskom power outages. Both are subject to the extent of further
Covid-19 related disruption. We maintain our unit cost guidance of R14,000 - R15,000
per PGM ounce, but note that inflationary pressures are increasing.
(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.
[OFFICIAL]
Anglo American Platinum Q2 2022 Q2 2022 H1 2022
PGM Production Report - Q2 Q2 Q1 Q4 Q3 Q2 vs vs H1 H1 vs
2022
1 April 2022 - 30 June 2022 2022 2022 2021 2021 2021 Q2 2021 Q1 2022 2022 2021 H1 2021
Safety
Fatalities - own managed number 0 0 1 0 0 - - 0 0 -
operations
Total 4
recordable injury /millio 2.60 2.21 2.55 2.26 2.91 (11) 17 % 2.41 2.80 (14)
frequency
Total rateproduction
M&C PGM n 1,031.
000 oz 956.0 1,103.4 1,116.2 1,057.9 %
(2) 8 % 1,987.5 2,079.3 %
(4)
Platinum 000 oz 5
479.1 444.3 511.2 519.1 488.3 %
(2) 8 % 923.4 956.2 %
(3)
Palladium 000 oz 321.5 296.6 345.2 342.6 334.4 %
(4) 8 % 618.1 664.9 %
(7)
Tonnes milled 000 7,050 6,609 7,217 7,112 7,170 %
(2) 7 % 13,658 13,877 %
(2)
4E Built-up head grade g/t 3.33 3.24 3.49 3.47 3.49 %
(4) 3 % 3.29 3.51 %
(5)
Own mined volume % %
Total mined production
Total M&C PGM production 000 oz 686.3 623.1 734.3 720.0 709.3 (3) 10 % 1,309.4 1,404.2 (7)
Platinum 000 oz 314.1 283.8 332.4 328.6 323.0 %
(3) 11 % 598.0 635.2 %
(6)
Palladium 000 oz 240.9 219.3 258.6 249.8 253.2 %
(5) 10 % 460.2 507.5 %
(9)
Tonnes milled 000 7,050 6,609 7,217 7,112 7,170 %
(2) 7 % 13,659 13,877 %
(2)
4E Built-up head grade g/t 3.33 3.24 3.49 3.47 3.49 %
(4) 3 % 3.29 3.51 %
(5)
Own managed mines % %
Total M&C PGM production 000 oz 586.7 529.2 634.6 606.3 601.5 (2) 11 % 1,115.9 1,196.1 (7)
Platinum 000 oz 268.6 241.0 287.7 277.6 274.5 %
(2) 11 % 509.6 542.0 %
(6)
Palladium 000 oz 211.7 191.6 229.1 215.9 221.7 %
(5) 10 % 403.3 446.1 %
(10)
Tonnes milled 000 6,208 5,789 6,391 6,192 6,263 %
(1) 7 % 11,997 12,157 %
(1)
4E Built-up head grade g/t 3.30 3.21 3.48 3.43 3.47 %
(5) 3 % 3.26 3.49 %
(7)
Mogalakwena mine % %
Total M&C PGM production 000 oz 261.4 248.8 300.8 276.5 308.4 (15) 5 % 510.2 637.4 (20)
Platinum 000 oz 110.7 104.4 126.2 116.9 131.0 %
(15) 6 % 215.1 269.0 %
(20)
Palladium 000 oz 121.6 114.5 138.1 127.7 142.9 %
(15) 6 % 236.1 294.9 %
(20)
Tonnes milled 000 3,362 3,315 3,533 3,441 3,677 %
(9) 1 % 6,677 7,230 %
(8)
4E Built-up head grade g/t 2.91 2.81 3.22 3.05 3.26 %
(11) 4 % 2.86 3.33 %
(14)
Amandelbult mine % %
Total M&C PGM production 000 oz 183.4 159.9 213.6 218.3 185.3 (1) 15 % 343.3 341.3 1 %
Platinum 000 oz 93.4 81.4 107.7 109.5 94.4 %
(1) 15 % 174.8 174.3 — %
Palladium 000 oz 42.5 37.1 49.9 51.6 42.9 %
(1) 15 % 79.6 78.5 1 %
Tonnes milled 000 1,504 1,203 1,639 1,587 1,455 3 % 25 % 2,707 2,698 — %
4E Built-up head grade g/t 3.89 4.20 4.18 4.33 4.13 (6) (7) 4.02 4.09 (2)
Unki mine % % %
Total M&C PGM production 000 oz 66.3 53.3 63.3 42.5 47.9 38 % 24 % 119.6 98.9 21 %
Platinum 000 oz 29.7 24.5 28.0 19.0 21.5 38 % 21 % 54.2 44.1 23 %
Palladium 000 oz 25.7 20.3 24.9 16.6 18.7 37 % 27 % 46.0 38.7 19 %
Tonnes milled 000 625 630 599 468 502 24 % (1) 1,255 1,024 23 %
4E Built-up head grade g/t 3.87 3.26 3.59 3.52 3.45 12 % 19 % 3.56 3.48 2 %
Mototolo mine
Total M&C PGM production 000 oz 75.6 67.2 56.9 69.0 59.9 26 % 13 % 142.8 118.5 21 %
Platinum 000 oz 34.7 30.7 25.9 32.2 27.6 26 % 13 % 65.4 54.6 20 %
Palladium 000 oz 21.9 19.7 16.2 20.0 17.2 27 % 11 % 41.6 34.0 22 %
Tonnes milled 000 718 642 620 696 629 14 % 12 % 1,360 1,206 13 %
4E Built-up head grade g/t 3.39 3.38 3.00 3.23 3.13 8 % 1 % 3.39 3.16 7 %
Joint operations mined
production
Total M&C PGM production 000 oz 99.6 93.9 99.7 113.7 107.8 (8) 6 % 193.5 208.1 (7)
Platinum 000 oz 45.5 42.8 44.7 51.0 48.5 %
(6) 6 % 88.3 93.2 %
(5)
Palladium 000 oz 29.2 27.6 29.5 33.9 31.5 %
(7) 6 % 56.8 61.4 %
(7)
Tonnes milled 000 841 819 827 920 907 %
(7) 3 % 1,660 1,719 %
(3)
4E Built-up head grade g/t 3.53 3.49 3.62 3.68 3.64 %
(3) 1 % 3.51 3.67 %
(4)
Modikwa mine % %
Total M&C PGM production 000 oz 36.8 34.3 36.4 39.8 34.3 7 % 7 % 71.1 70.2 1 %
Platinum 000 oz 14.8 13.5 14.4 15.6 13.5 10 % 10 % 28.3 27.6 3 %
Palladium 000 oz 13.8 12.8 13.8 15.0 12.9 7 % 8 % 26.6 26.5 — %
Tonnes milled 000 308 287 294 311 286 8 % 7 % 595 573 4 %
4E Built-up head grade g/t 3.71 3.67 3.76 3.93 3.76 (1) 1 % 3.69 3.82 (4)
Kroondal mine % %
Total M&C PGM production 000 oz 62.8 59.6 63.4 73.9 73.4 (14) 5 % 122.4 137.9 (11)
Platinum 000 oz 30.7 29.3 30.3 35.4 35.0 %
(12) 5 % 60.0 65.8 %
(9)
Palladium 000 oz 15.4 14.8 15.9 18.9 18.6 %
(17) 4 % 30.2 35.0 %
(14)
Tonnes milled 000 533 532 533 609 621 %
(14) — % 1,065 1,146 %
(7)
4E Built-up head grade g/t 3.43 3.40 3.54 3.56 3.59 %
(6) 1 % 3.41 3.59 %
(6)
% %
[OFFICIAL]
Anglo American Platinum Q2 2022 Q2 2022 H1 2022
PGM Production Report - Q2 Q2 Q1 Q4 Q3 Q2 vs vs H1 H1 vs
2022
1 April 2022 - 30 June 2022 2022 2022 2021 2021 2021 Q2 2021 Q1 2022 2022 2021 H1 2021
Purchase of concentrate
Total purchase of concentrate
PGM production 000 oz 345.2 332.9 369.1 396.3 348.7 (1) 4 % 678.1 675.0 — %
Platinum 000 oz 165.0 160.5 178.8 190.5 165.3 — %
% 3 % 325.5 321.0 1 %
Palladium 000 oz 80.6 77.3 86.6 92.8 81.2 (1) 4 % 157.9 157.4 — %
Joint operations purchase of %
concentrate
PGM production 000 oz 99.6 93.9 99.7 113.7 107.8 (8) 6 % 193.5 208.1 (7)
Platinum 000 oz 45.5 42.8 44.7 51.0 48.5 %
(6) 6 % 88.3 93.3 %
(5)
Palladium 000 oz 29.2 27.6 29.5 33.9 31.5 %
(7) 6 % 56.8 61.4 %
(7)
Third party purchase of % %
concentrate
PGM production 000 oz 245.6 239.0 269.4 282.6 240.9 2 % 3 % 484.6 466.9 4 %
Platinum 000 oz 119.5 117.7 134.1 139.5 116.8 2 % 2 % 237.2 227.7 4 %
Palladium 000 oz 51.4 49.7 57.1 58.9 49.7 3 % 3 % 101.1 96.0 5 %
Refined PGM production –
owned
PGM ounces 000 oz 1,240.6 718.5 1,391.3 1,420.4 1,353.7 (8) 73 % 1,959.1 2,326.7 (16)
Platinum 000 oz 600.4 334.1 653.5 662.8 625.8 %
(4) 80 % 934.5 1,083.5 %
(14)
Palladium 000 oz 374.8 228.1 423.2 459.8 427.5 %
(12) 64 % 602.9 744.5 %
(19)
Rhodium 000 oz 86.4 46.3 97.7 92.3 94.2 %
(8) 87 % 132.7 159.3 %
(17)
Minor PGMs and gold 000 oz 179.0 110.0 216.9 205.5 206.2 %
(13) 63 % 288.8 339.3 %
(15)
Base metal production – owned % %
Nickel tonnes 6,173 4,628 5,683 5,913 5,838 6 % 33 % 10,801 10,199 6 %
Copper tonnes 3,889 3,393 3,976 3,633 3,338 17 % 15 % 7,282 6,732 8 %
Chrome 000 t 203 181 190 285 225 (10) 12 % 384 414 (7)
Toll refined production % %
Total 4E toll refined 000 oz 143.4 154.8 179.5 164.6 153.8 (7) (7) 298.2 329.8 (10)
production
Platinum 000 oz 85.9 91.2 106.8 98.3 92.5 %
(7) %
(6) 177.1 198.2 %
(11)
Palladium 000 oz 44.2 46.6 55.2 50.9 46.4 %
(5) %
(5) 90.8 99.8 %
(9)
PGM Sales volume from % % %
production
PGM ounces 000 oz 1,206.2 838.2 1,285.2 1,361.0 1,437.1 (16) 44 % 2,044.4 2,568.2 (20)
Platinum 000 oz 600.9 333.3 632.9 637.2 662.5 %
(9) 80 % 934.2 1,097.2 %
(15)
Palladium 000 oz 388.8 235.8 395.1 465.1 462.1 %
(16) 65 % 624.6 729.3 %
(14)
Trading sales volume5 % %
PGM ounces 000 oz 256.0 400.9 272.8 160.2 116.1 121 % (36) 656.9 337.6 95 %
Platinum 000 oz 108.9 231.2 175.3 96.1 36.0 202 % %
(53) 340.1 137.9 147 %
Palladium 000 oz 138.8 147.0 84.8 57.8 74.4 87 % %
(6) 285.8 175.7 63 %
Realised prices and exchange %
rate
Platinum (US$/o 946 998 986 1,031 1,189 (20) (5) 964 1,170 (18)
Palladium z)
(US$/o 2,178 2,097 1,971 2,519 2,767 %
(21) %
4 % 2,147 2,641 %
(19)
Rhodium z)
(US$/o 17,110 17,161 13,788 18,346 26,758 %
(36) — % 17,131 24,377 %
(30)
Iridium z)
(US$/o 4,677 3,874 3,792 4,889 5,966 %
(22) 21 % 4,119 5,398 %
(24)
Ruthenium z)
(US$/o 573 476 530 652 519 %
11 % 21 % 514 366 %
40 %
Gold z)
(US$/o 1,858 1,873 1,791 1,780 1,821 2 % (1) 1,866 1,792 4 %
Average FX achieved on sales z)
ZAR/US 15.58 15.16 15.43 14.67 14.09 11 % %
3 % 15.39 14.41 7 %
US$ basket price per PGM $
(US$/o 2,661 2,685 2,434 2,838 3,407 (22) (1) 2,671 2,884 (7)
ounce
ZAR basket price per PGM z)
(ZAR/o 41,601 40,458 37,500 41,675 47,865 (13)% 3 %
% 41,132 41,400 %
(1)
ounce
US$ basket price per Platinum (US$/o z) 5,342 6,753 4,943 6,062 7,390 (28)% (21) 5,845 6,750 %
(13)
ounce
ZAR basket price per Platinum (ZAR/o z) 83,513 101,752 76,152 89,011 103,837 (20)% (18)% 90,018 96,908 %
(7)
4
The tragic fatality of Mr Julian Sesinyi
ounce z) was retrospectively recorded on the date of his accident which
% was on% 23 November 2021. %
5
Trading sales volume - not produced by Anglo American Platinum operations.
[OFFICIAL]
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 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
