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Anglo American Platinum - Trading statement for the six months ending 30 June 2021

20 July, 2021

Anglo American Platinum will release results for the six months ended 30 June 2021 (“the period”) on the Johannesburg Stock Exchange News Service on 26 July 2021.

In accordance with section 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that headline earnings and headline earnings per share (“HEPS”) for the period are likely to increase by between 560% and 578% compared to the six months ended 30 June 2021 (the “prior period”). Headline earnings are likely to be between R45.5 billion and R46.8 billion (R6.9 billion in H1 2020) and HEPS will increase to between 17,300 cents and 17,795 cents per share (2,627 cents in H1 2020).

Basic earnings and earnings per share (“EPS”) for the period are likely to increase by between 581% and 600% compared to the prior period. Basic earnings are likely to be between R45.5 billion and R46.8 billion (R6.7 billion in H1 2020) and EPS is expected to be between 17,300 cents and 17,795 cents per share (2,546 cents in H1 2020).

The expected increase in headline earnings and basic earnings is primarily driven by a 29% increase in the rand basket price and an increase in sales volumes from own production (excluding trading activities). The recovery in production in the period is due to a lower impact from Covid-19, where the prior period was materially impacted by national lockdowns to curb the spread of Covid-19, as well as proven operational stability following the rebuild and recommissioning of the ACP Phase A unit in November 2020.

The financial information on which this trading statement is based has been reviewed, but not yet reported on, by the Company’s external auditors.

Johannesburg
20 July 2021

Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities.

For further information, please contact:

Investors Media
Emma Chapman
Tel: (SA) +27 (0)76 480 1570
[email protected]
Jana Marais
Tel: (SA) +27 (0)79 932 1586
[email protected]

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 a number of 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 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 metallurgical coal for steelmaking, 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