20 Jul - 30 min read

Production Report for the second quarter ended 30 June 2021

Production Report for the second quarter ended 30 June 2021

Anglo American plc (the "Company")
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

NEWS RELEASE

20 July 2021

Production Report for the second quarter ended 30 June 2021

Mark Cutifani, Chief Executive of Anglo American, said: "We have delivered a solid operational
performance supported by comprehensive Covid-19 measures to help safeguard the lives and livelihoods of
our workforce and host communities. We have generally maintained operating levels at approximately 95%(1)
of normal capacity and, as a consequence, production increased by 20%(2) compared to Q2 of last year, with
planned higher rough diamond production at De Beers, as well as strong plant performance at our Los Bronces
copper operation in Chile and higher throughput at our Mogalakwena platinum group metals mine in South Africa.

"We also successfully completed the demerger of our thermal coal operations in South Africa and announced
the sale of our minority interest in Cerrejon in Colombia, marking the last stage of our transition from thermal
coal operations, ahead of schedule. Our portfolio and growth investments are increasingly focused on those
future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting
consumers' growing needs, from luxury to everyday."

Q2 highlights

- Completed the demerger of the South Africa thermal coal operations.
- Announced the sale of our 33% interest in the Cerrejon thermal coal mine, subject to regulatory approvals.
- Rough diamond production increased by 134%, reflecting planned higher production in response to the
  ongoing consumer demand recovery.
- Platinum Group Metals (PGMs) production increased by 59%, with Mogalakwena production increasing by
  11%, reflecting the relatively lower impact of Covid-19 lockdowns compared to Q2 2020. Strong refined
  output reflected stable performance from the ACP Phase A unit.
- Iron ore production increased by 6%, driven primarily by Kumba, reflecting the lower impact of Covid-19
  lockdowns compared to Q2 2020.
- Copper production increased by 2% due to strong plant performance at Los Bronces.
- At our longwall metallurgical coal operations, mining restarted at Moranbah at the beginning of June and
  development work at Grosvenor continues to progress, with restart expected towards the end of the year.

Production                     Q2 2021   Q2 2020   % vs. Q2 2020   H1 2021   H1 2020   % vs. H1 2020
Diamonds (Mct)(3)                  8.2       3.5            134%      15.4      11.3             37%   
Copper (kt)(4)                     170       167              2%       330       314              5%   
Platinum group metals (koz)(5)   1,058       665             59%     2,079     1,620             28%   
Iron ore (Mt)(6)                  15.7      14.8              6%      31.9      30.8              3%   
Metallurgical coal (Mt)            3.0       4.0           (25)%       6.2       7.8           (20)%   
Nickel (kt)(7)                    10.6      10.8            (2)%      20.7      21.7            (5)%   
Manganese ore (kt)                 941       796             18%     1,845     1,639             13%   
Thermal coal (Mt)(8)               4.3       4.4            (1)%       9.3      10.5           (12)%   

(1) Production capacity excludes Moranbah and Grosvenor.
(2) Copper equivalent production is normalised to reflect the demerger of the South Africa thermal coal  
    operations and the closure of the manganese alloy operations and excludes the impact of the Grosvenor suspension 
    and announced sale of Cerrejon. Including the impact of Grosvenor and Cerrejon, copper equivalent production increased by 20%
    compared to Q2 2020.
(3) De Beers Group production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(4) Contained metal basis. Reflects copper production from the Copper business unit only (excludes copper production from the 
    Platinum Group Metals business unit).
(5) Produced ounces of metal in concentrate. 5E+Au (platinum, palladium, rhodium, ruthenium and iridium plus gold). Reflects 
    own mine production and purchase of concentrate.
(6) Wet basis.
(7) Reflects nickel production from the Nickel business unit only (excludes nickel production from the Platinum Group Metals business unit).
(8) Reflects export primary production, secondary production sold into export markets and production sold domestically at export parity 
    pricing from South Africa until the demerger of the South Africa thermal coal operations effective on 4 June 2021, and attributable 
    export production (33.3%) from Colombia (Cerrejon).

PRODUCTION OUTLOOK SUMMARY

2021 production guidance is summarised as follows:

                                  2021 production guidance(1)
Diamonds(2)                                32-33 Mct
                                    (previously 32-34 Mct)
Copper(3)                                 650-680 kt
                                    (previously 640-680 kt)
Platinum Group Metals(4)                  4.2-4.4 Moz
                                   (previously 4.2-4.6 Moz)
Iron ore(5)                               64.5-66.5 Mt
                                   (previously 64.5-67.5 Mt)
Metallurgical coal(6)                       14-16 Mt
Nickel(7)                                   42-44 kt

(1) Subject to the extent of further Covid-19 related disruption.
(2) Subject to trading conditions and on a 100% basis except for the Gahcho Kue joint venture, which is on an attributable 51% basis.
(3) Copper business unit only. On a contained-metal basis.
(4) 5E + gold produced metal in concentrate ounces. Includes own mined production (~65%) and purchased concentrate volumes (~35%). 
    The split of metals differs for own mined and purchased concentrate, refer to FY2019 results presentation slide 30 for indicative 
    split of own mined volumes. FY2021 metal in concentrate production is expected to be 1.9-2.0 million ounces of platinum, 1.35-1.40 million 
    ounces of palladium and 0.95-1.0 million ounces of other PGMs and gold.
(5) Wet basis.
(6) Excludes thermal coal production in Australia.
(7) Nickel business unit only.

REALISED PRICES

                                                              H1 2021   H1 2020   H1 2021 vs H1 2020   
De Beers                                                                                               
Consolidated average realised price ($/ct)(1)                     135       119                  13%   
Average price index(2)                                            109       109                   0%   
Copper (USc/lb)(3)                                                460       250                  84%   
Platinum Group Metals                                                                                  
Platinum (US$/oz)                                               1,170       857                  37%   
Palladium (US$/oz)                                              2,641     2,141                  23%   
Rhodium (US$/oz)                                               24,377     8,985                 171%   
Basket price (US$/PGM oz)(4)                                    2,884     1,956                  47%   
Iron Ore - FOB prices(5)                                          210        90                 133%   
Kumba Export (US$/wmt)(6)                                         216        91                 137%   
Minas-Rio (US$/wmt)(7)                                            200        88                 127%   
Metallurgical Coal                                                                                     
HCC (US$/t)(8)                                                    117       123                 (5)%   
PCI (US$/t)(8)                                                    103        98                   5%   
Nickel (USc/lb)                                                   721       502                  44%   
Thermal Coal                                                                                           
Australia (US$/t)(8)                                               87        58                  50%   
South Africa - Export (US$/t)(9)                                   77        61                  26%   
Colombia (US$/t)                                                   65        46                  41%   

(1) Consolidated average realised price based on 100% selling value post-aggregation.
(2) Average of the De Beers price index for the Sights within the 6-month period. The De Beers price index is relative to 100 as at December 2006. 
    While the average H1 price index remained broadly flat year-on-year, the closing index increased by 14% compared to the start of 2021.
(3) The realised price for Copper excludes third party sales volumes.
(4) Price for a basket of goods per PGM oz. The dollar basket price is the net sales revenue from all metals (PGMs, base metals and other metals), 
    excluding trading, per 5E + gold sold ounces (own mined and purchased concentrate).
(5) Average realised total iron ore price is a weighted average of the Kumba and Minas-Rio realised prices. The comparative has been restated as 
    Kumba previously reported on a dry basis.
(6) Average realised export basket price (FOB Saldanha) (wet basis as product is shipped with ~1.6% moisture). The comparative has been restated as 
    Kumba previously reported on a dry basis. The realised prices differ to Kumba's standalone results due to sales to other Group companies. 
    Average realised export basket price (FOB Saldanha) on a dry basis is $220/t (H1 2020: $93/t) and this was higher than the dry 62% Fe benchmark 
    price of $166/t (FOB South Africa, adjusted for freight).
(7) Average realised export basket price (FOB Acu) (wet basis as product is shipped with ~9% moisture).
(8) Weighted average coal sales price achieved at managed operations.
(9) Weighted average export thermal coal price achieved until the demerger of the South Africa thermal coal operations effective on 4 June 2021.

DE BEERS

                                            Q2 2021             Q2 2021                      H1 2021
De Beers(1) (000 carats)      Q2      Q2        vs.        Q1       vs.       H1       H1        vs.
                            2021    2020    Q2 2020      2021   Q1 2021     2021     2020    H1 2020   
Botswana                   5,727   1,825       214%     4,960       15%   10,687    7,469        43%   
Namibia                      338     358       (6)%       338        0%      676      869      (22)%   
South Africa               1,276     555       130%     1,161       10%    2,437    1,306        87%   
Canada                       899     789        14%       710       27%    1,609    1,633       (1)%   
Total carats recovered     8,240   3,527       134%     7,169       15%   15,409   11,277        37%   

Rough diamond production increased by 134% to 8.2 million carats, reflecting planned higher production to
meet stronger demand for rough diamonds, as well as the impact of Covid-19 lockdowns across southern
Africa in Q2 2020.

In Botswana, production increased by 214% to 5.7 million carats, reflecting the impact of the Covid-19
lockdown in Q2 2020.

Namibia production decreased by 6% to 0.3 million carats, primarily due to planned maintenance of the Mafuta
vessel which completed in the quarter and another vessel remaining demobilised.

South Africa production increased by 130% to 1.3 million carats, due to planned treatment of higher grade ore
from the final cut of the Venetia open pit, as well as the impact of the Covid-19 lockdown in Q2 2020.

Production in Canada increased by 14% to 0.9 million carats, primarily reflecting the impact of the Covid-19
measures implemented in Q2 2020.

Consumer demand for polished diamonds continued to recover, leading to strong demand for rough diamonds
from midstream cutting and polishing centres, despite the impact on capacity from the severe Covid-19 wave
in India during April and May. Rough diamond sales totalled 7.3 million carats(2) (6.5 million carats on a
consolidated basis)(2)(3) from two Sights, reflecting the impact of the reduced Indian midstream capacity on
Sight 4, compared with 0.3 million carats (0.2 million carats on a consolidated basis)(3) from two Sights in Q2
2020, and 13.5 million carats (12.7 million carats on a consolidated basis)(3) from three Sights in Q1 2021.

The H1 2021 consolidated average realised price increased by 13% to $135/ct (H1 2020: $119/ct), driven by
an increased proportion of higher value rough diamonds sold. While the average price index remained broadly
flat, the closing index increased by 14% compared to the start of 2021, reflecting tightness in inventories across
the diamond value chain as well as positive consumer demand for polished diamonds.

Full Year Guidance
Production guidance(1) is tightened to 32-33 million carats (100% basis) (previously 32-34 million carats (100%
basis)), subject to trading conditions and the extent of any further Covid-19 related disruptions.

(1) De Beers Group production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(2) Due to ongoing travel restrictions and the timing of Sight 3 at the end of Q1 2021, the Sight was extended beyond its normal week-long duration. 
    As a result, 0.2 Mct (total sales volume, 100% and consolidated basis) from Sight 3 were recognised in Q2 2021.
(3) Consolidated sales volumes exclude De Beers Group's JV partners' 50% proportionate share of sales to entities outside De Beers Group from the 
    Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis).

                                                                                            Q2 2021   Q2 2021                      H1 2021
De Beers(1)                                Q2         Q1         Q4         Q3         Q2       vs.       vs.       H1       H1        vs.
                                         2021       2021       2020       2020       2020   Q2 2020   Q1 2021     2021     2020    H1 2020
Carats recovered (000 carats)
100% basis (unless stated)
Jwaneng                                 3,169      3,091      1,452      1,748      1,138      178%        3%    6,260    4,338        44%   
Orapa(2)                                2,558      1,869      2,811      3,079        687      272%       37%    4,427    3,131        41%   
Botswana                                5,727      4,960      4,263      4,827      1,825      214%       15%   10,687    7,469        43%   
Debmarine Namibia                         249        249        256        147        305     (18)%        0%      498      722      (31)%   
Namdeb (land operations)                   89         89         81         95         53       68%        0%      178      147        21%   
Namibia                                   338        338        337        242        358      (6)%        0%      676      869      (22)%   
Venetia                                 1,276      1,161      1,287      1,178        555      130%       10%    2,437    1,306        87%   
South Africa                            1,276      1,161      1,287      1,178        555      130%       10%    2,437    1,306        87%   
Gahcho Kue (51% basis)                    899        710        776        915        789       14%       27%    1,609    1,633       (1)%   
Canada                                    899        710        776        915        789       14%       27%    1,609    1,633       (1)%   
Total carats recovered                  8,240      7,169      6,663      7,162      3,527      134%       15%   15,409   11,277        37%   
Sales volumes                                                                                                                                
Total sales volume (100)% (Mct)(3)     7.3(4)    13.5(4)        6.9        6.6        0.3       n/a     (46)%     20.8      9.2       126%   
Consolidated sales volume (Mct)(3)     6.5(4)    12.7(4)        6.4        6.5        0.2       n/a     (49)%     19.2      8.5       126%   
Number of Sights (sales cycles)          2(4)       3(4)          2          3       2(5)                         5(4)     4(5)               

(1) De Beers Group production is on a 100% basis, except for the Gahcho Kue joint venture which is on an attributable 51% basis.
(2) Orapa constitutes the Orapa Regime which includes Orapa, Letlhakane and Damtshaa.
(3) Consolidated sales volumes exclude De Beers Group's JV partners' 50% proportionate share of sales to entities outside De Beers Group from 
    the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis).
(4) Due to ongoing travel restrictions and the timing of Sight 3 at the end of Q1 2021, the Sight event was extended beyond its normal week-long duration. 
    As a result, 0.2 Mct (total sales volume, 100% and consolidated basis) from Sight 3 were recognised in Q2 2021.
(5) Sight 3 in Q2 2020 was cancelled due to Covid-19 related restrictions on the movement of people and product.

COPPER

                                                                                 Q2 2021             Q2 2021                       H1 2021
Copper(1) (tonnes)                                                Q2        Q2       vs.        Q1       vs.        H1        H1       vs.
                                                                2021      2020   Q2 2020      2021   Q1 2021      2021      2020   H1 2020   
Los Bronces                                                   84,400    80,700        5%    78,800        7%   163,200   149,400        9%   
Collahuasi (44% share)                                        74,300    75,700      (2)%    71,600        4%   145,900   142,200        3%   
El Soldado                                                    11,000    10,400        6%     9,900       11%    20,900    22,300      (6)%   
Total Copper                                                 169,700   166,800        2%   160,300        6%   330,000   313,900        5%   

(1) Copper production shown on a contained metal basis. Reflects copper production from the Copper business unit only 
    (excludes copper production from the Platinum Group Metals business unit).

Copper production increased by 2% to 169,700 tonnes, driven by strong performance at Los Bronces, partly
offset by lower grade at Collahuasi.

Production from Los Bronces increased by 5% to 84,400 tonnes, with higher water availability as a result of
water-management initiatives resulting in a 32% increase in plant throughput, partially offset by planned lower
grade (0.68% vs 0.85%).

At Collahuasi, attributable production decreased by 2% to 74,300 tonnes, due to slightly lower grade (1.29%
vs 1.31%) and copper recovery (91.3% vs 92.0%).

Production from El Soldado increased by 6% to 11,000 tonnes.

Sales volumes in H1 2021 were impacted by temporary port closures in Chile due to heavy tidal swells limiting
vessel availability in the last two weeks of June. The H1 2021 average realised price of 460c/lb includes
181,072 tonnes of provisionally priced copper at an average price of 425c/lb.

Full Year Guidance

Production guidance is tightened to 650,000-680,000 tonnes (previously 640,000-680,000 tonnes), subject to
water availability and the extent of any Covid-19 related disruption.

                                                                                                         Q2 2021   Q2 2021                             H1 2021
Copper(1)                                           Q2          Q1          Q4          Q3          Q2       vs.       vs.           H1           H1       vs.
                                                  2021        2021        2020        2020        2020   Q2 2020   Q1 2021         2021         2020   H1 2020   
Los Bronces mine(2)                                                                                                                                              
Ore mined                                   11,403,100  10,812,400  11,546,300   8,414,600   9,237,400       23%        5%   22,215,500   19,250,400       15%   
Ore processed - Sulphide                    13,168,200  11,520,400  13,031,300  11,956,800   9,987,200       32%       14%   24,688,600   17,046,700       45%   
Ore grade processed -
Sulphide (% TCu)(3)                               0.68        0.72        0.77        0.73        0.85     (20)%      (6)%         0.70         0.90     (22)%   
Production - Copper cathode                      9,800       9,900      10,200       9,300       9,900      (1)%      (1)%       19,700       19,800      (1)%   
Production - Copper in concentrate              74,600      68,900      85,700      70,100      70,800        5%        8%      143,500      129,600       11%   
Total production                                84,400      78,800      95,900      79,400      80,700        5%        7%      163,200      149,400        9%   
(Anglo American share 44%)                                                                                                                                       
Ore mined                                   26,943,000  21,220,300  18,110,000  16,412,100  18,035,100       49%       27%   48,163,300   37,437,100       29%   
Ore processed - Sulphide                    14,334,300  14,441,600  12,928,700  14,612,300  14,192,800        1%      (1)%   28,775,900   28,290,600        2%   
Ore grade processed -
Sulphide (% TCu)(3)                               1.29        1.26        1.18        1.27        1.31      (2)%        2%         1.27         1.26        1%   
Production - Copper in concentrate             168,800     162,800     134,600     171,500     172,000      (2)%        4%      331,600      323,000        3%   
Anglo American's 44% share of copper    
production for Collahuasi                       74,300      71,600      59,200      75,500      75,700      (2)%        4%      145,900      142,200        3%   
El Soldado mine(2)                                                                                                                                               
Ore mined                                    1,796,600   1,708,600   1,982,000   1,885,100   1,378,100       30%        5%    3,505,200    3,293,400        6%   
Ore processed - Sulphide                     1,834,800   1,755,100   1,902,500   1,788,700   1,771,600        4%        5%    3,589,900    3,230,500       11%   
Ore grade processed -
Sulphide (% TCu)(3)                               0.75        0.70        0.84        0.78        0.76      (1)%        7%         0.73         0.87     (16)%   
Production - Copper in concentrate              11,000       9,900      12,700      10,800      10,400        6%       11%       20,900       22,300      (6)%   
Chagres Smelter(2)                                                                                                                                               
Ore smelted(4)                                  25,400      23,200      29,800      26,700      24,300        5%        9%       48,600       55,100     (12)%   
Production                                      24,600      22,600      29,000      26,000      23,700        4%        9%       47,200       53,700     (12)%   
Total copper production(5)                     169,700     160,300     167,800     165,700     166,800        2%        6%      330,000      313,900        5%   
Total payable copper production                162,600     154,300     161,200     159,200     160,300        1%        5%      316,900      302,000        5%   
Total sales volumes                            157,700     147,700     178,600     176,100     154,200        2%        7%      305,400      293,800        4%   
Total payable sales volumes                    149,200     143,200     172,600     167,900     148,200        1%        4%      292,400      282,500        4%   
Third party sales(6)                            82,800      74,000     133,400     112,600     130,800     (37)%       12%      156,800      207,100     (24)%   

(1) Excludes copper production from the Platinum Group Metals business unit. Units shown are tonnes unless stated otherwise.
(2) Anglo American ownership interest of Los Bronces, El Soldado and the Chagres Smelter is 50.1%. Production is stated at 100% as Anglo American consolidates 
    these operations.
(3) TCu = total copper.
(4) Copper contained basis.
(5) Total copper production includes Anglo American's 44% interest in Collahuasi.
(6) Relates to sales of copper not produced by Anglo American operations.

PLATINUM GROUP METALS (PGMs)

                                                                                                      Q2 2021            Q2 2021                       H1 2021
PGMs 000 oz(1)                                                                           Q2      Q2       vs.        Q1      vs.        H1        H1       vs.
                                                                                       2021    2020   Q2 2020      2021  Q1 2021      2021      2020   H1 2020   
Metal in concentrate production                                                     1,057.9   665.1       59%   1,021.2       4%   2,079.1   1,620.0       28%   
Own mined(2)                                                                          709.2   430.2       65%     694.9       2%   1,404.1   1,084.8       29%   
Purchase of concentrate (POC)(3)                                                      348.7   234.9       48%     326.3       7%     675.0     535.2       26%   
Refined production(4)                                                               1,353.7   407.0      233%     973.0      39%   2,326.7   1,019.2      128%   

(1) Ounces refer to troy ounces. PGMs is 5E+Au (platinum, palladium, rhodium, ruthenium and iridium plus gold).
(2) Includes managed operations and 50% of joint operation production.
(3) Includes the other 50% of joint operation production, as well as the purchase of concentrate from third parties.
(4) Refined production excludes toll refined material.

Metal in concentrate production

Own mined production increased by 65% to 709,200 ounces, following a strong recovery from the Covid-19
lockdowns in Q2 2020. Production at Mogalakwena increased by 11%, reflecting higher throughput. Production
at Amandelbult and the joint ventures increased by 270% to 185,300 ounces and 112% to 107,800 ounces,
respectively, as a result of the year-on-year recovery from Covid-19.

Purchase of concentrate increased by 48% to 348,700 ounces, also largely due to the year-on-year recovery
from Covid-19.

Refined production

Refined production increased by 233% to 1,353,700 ounces, reflecting strong performance from the ACP
Phase A unit following its successful start-up in November 2020. The ACP Phase B rebuild is on schedule for
completion in H2 2021.

Sales

Sales volumes increased by 162%, driven by higher refined production.

The H1 2021 average realised basket price of $2,884/PGM ounce reflects strong prices, particularly for
rhodium and the minor metals, partly offset by higher than normal sales volumes of lower priced ruthenium.

Full Year Guidance

Production guidance (metal in concentrate) is tightened to 4.2-4.4 million ounces(1) (previously 4.2-4.6 million
ounces). Refined production guidance is tightened to 4.8-5.0 million ounces(2) (previously 4.6-5.0 million
ounces), subject to the impact of Eskom load-shedding. Both are subject to the extent of further Covid-19
related disruption.

(1) Metal in concentrate production is expected to be 1.9-2.0 million ounces of platinum, 1.35-1.40 million ounces 
    of palladium and 0.95-1.0 million ounces of other PGMs and gold.
(2) Refined production is expected to be 2.2-2.3 million ounces of platinum, 1.55-1.60 million ounces of palladium and 
    1.05-1.1 million ounces of other PGMs and gold.

                                                                                                              Q2 2021    Q2 2021                       H1 2021
                                                                  Q2        Q1        Q4        Q3      Q2        vs.        vs.        H1        H1       vs.
                                                                2021      2021      2020      2020    2020    Q2 2020    Q1 2021      2021      2020   H1 2020   
M&C PGMs production (000 oz)(1)                              1,057.9   1,021.2   1,076.1   1,112.8   665.1        59%         4%   2,079.1   1,620.0       28%   
Own mined                                                      709.2     694.9     716.9     747.3   430.2        65%         2%   1,404.1   1,084.8       29%   
Mogalakwena                                                    308.3     329.1     306.7     315.0   277.6        11%       (6)%     637.4     559.9       14%   
Amandelbult                                                    185.3     156.0     185.5     204.8    50.1       270%        19%     341.3     217.8       57%   
Unki                                                            47.9      50.9      55.8      60.0    31.3        53%       (6)%      98.8      80.3       23%   
Mototolo                                                        59.9      58.6      69.8      72.2    20.4       194%         2%     118.5      81.6       45%   
Joint ventures(2)                                              107.8     100.3      99.1      95.3    50.8       112%         7%     208.1     145.2       43%   
Purchase of concentrate                                        348.7     326.3     359.2     365.5   234.9        48%         7%     675.0     535.2       26%   
Joint ventures(2)                                              107.8     100.3      99.0      95.3    50.8       112%         7%     208.1     145.2       43%   
Third parties                                                  240.9     226.0     260.2     270.2   184.1        31%         7%     466.9     390.0       20%   
Refined PGMs production (000 oz)(1)(3)                       1,353.7     973.0     673.1   1,020.7   407.0       233%        39%   2,326.7   1,019.2      128%   
By metal:                                                                                                                                                        
Platinum                                                       625.7     457.8     296.4     503.8   160.6       290%        37%   1,083.5     400.9      170%   
Palladium                                                      427.5     317.0     206.8     354.1   147.4       190%        35%     744.5     344.5      116%   
Rhodium                                                         94.3      63.0      47.1      48.9    30.6       208%        50%     157.3      77.9      102%   
Other PGMs and gold                                            206.2     135.2     122.8     113.9    68.4       201%        53%     341.4     195.9       74%   
Nickel (tonnes)                                                5,800     4,800     3,700     5,000   2,000       190%        21%    10,600     5,100      108%   
Tolled material (000 oz)(4)                                    153.8     175.9     146.5     129.4    96.0        60%      (13)%     329.7     227.6       45%   
PGMs sales from production (000 oz)(1)(5)                    1,437.1   1,131.1     754.3     884.9   548.0       162%        27%   2,568.2   1,229.3      109%   
Third party PGMs sales (000 oz)(1)(6)                          116.1     221.5     370.8     341.0   210.5      (45)%      (48)%     337.6     459.1     (26)%   
4E head grade (g/t milled)(7)                                   3.48      3.54      3.67      3.65    3.44         1%       (2)%      3.51      3.44        2%   

(1) Ounces refer to troy ounces. PGMs is 5E+Au (platinum, palladium, rhodium, ruthenium and iridium plus gold).
(2) The joint operations are Modikwa and Kroondal. Platinum owns 50% of these operations, which is presented under 'Own mined' production, and 
    purchases the remaining 50% of production, which is presented under 'Purchase of concentrate'.
(3) Refined production excludes toll material.
(4) Ounces refer to troy ounces. Tolled volume measured as the combined content of: platinum, palladium, rhodium and gold, reflecting the tolling 
    agreements in place.
(5) PGMs sales volumes from production are generally ~65% own mined and ~35% purchases of concentrate though this may vary from quarter to quarter.
(6) Relates to sales of metal not produced by Anglo American operations.
(7) 4E: the grade measured as the combined content of: platinum, palladium, rhodium and gold, excludes tolled material. Minor metals are excluded 
    due to variability.

IRON ORE

                                                                                Q2 2021            Q2 2021                     H1 2021
Iron Ore (000 t)                                                  Q2       Q2       vs.       Q1       vs.       H1       H1       vs.
                                                                2021     2020   Q2 2020     2021   Q1 2021     2021     2020   H1 2020   
Iron Ore(1)                                                   15,695   14,813        6%   16,173      (3)%   31,869   30,842        3%   
Kumba(2)                                                       9,818    8,615       14%   10,555      (7)%   20,372   18,219       12%   
Minas-Rio(3)                                                   5,878    6,198      (5)%    5,619        5%   11,496   12,622      (9)%   

(1) Total iron ore is the sum of Kumba and Minas-Rio.
(2) Volumes are reported as wet metric tonnes. Product is shipped with ~1.6% moisture.
(3) Volumes are reported as wet metric tonnes. Product is shipped with ~9% moisture.

Iron ore production increased by 6% to 15.7 million tonnes, driven by a 14% increase at Kumba, partly offset
by a 5% decrease at Minas-Rio.

Kumba - Total production increased by 14% to 9.8 million tonnes reflecting the effect of Covid-19 lockdowns
in Q2 2020, and despite reduced Q2 2021 production in response to high stock levels at the mines following
rail constraints in Q1 2021. Production at Sishen increased by 17% to 6.9 million tonnes, while Kolomela
production increased by 7% to 2.9 million tonnes.

Export sales increased by 14% to 9.4 million tonnes(1), reflecting the increase in production.

The H1 2021 average lump:fines ratio in the Kumba product was 69:31 (H1 2020: 65:35), while the Fe content
averaged 64.1% (H1 2020: 64.4%).

The H1 2021 average realised price of $216/tonne (FOB South Africa, wet basis) was higher than the 62% Fe
benchmark price of $163/tonne (FOB South Africa, adjusted for freight and moisture) due to the lump and Fe
content quality premiums that the Kumba products attract in the market, as well as timing on provisionally
priced volumes.

Minas-Rio - Production decreased by 5% to 5.9 million tonnes due to further unplanned maintenance at the
beneficiation plant that is now complete, with the majority of the volumes expected to be recovered during the
remainder of the year.

The H1 2021 average realised price of $200/tonne (FOB Brazil, wet basis) was higher than the Metal Bulletin
66 price of $165/tonne (FOB Brazil, adjusted for freight and moisture), reflecting the premium quality of the
product, including higher (~67%) Fe content, and timing on provisionally priced volumes.

Full Year Guidance

Iron ore production guidance (wet basis) is tightened to 64.5-66.5 million tonnes (previously 64.5-67.5 million
tonnes) (Kumba 40.5-41.5 million tonnes; Minas-Rio 24-25 million tonnes (previously 24-26 million tonnes)),
subject to the extent of further Covid-19 related disruption, and rail performance at Kumba.

(1) Sales volumes are reported on a wet basis and differ to Kumba's standalone results due to sales to other Group companies.

                                                                                                         Q2 2021   Q2 2021                             H1 2021 
Iron Ore (tonnes)                               Q2           Q1           Q4           Q3           Q2       vs.       vs.           H1           H1       vs.
                                              2021         2021         2020         2020         2020   Q2 2020   Q1 2021         2021         2020   H1 2020
Iron Ore production(1)                  15,695,300   16,173,400   16,183,200   14,677,400   14,812,500        6%      (3)%   31,868,700   30,841,500        3%   
Iron Ore sales(1)                       14,973,600   15,716,400   16,600,200   15,861,400   14,828,700        1%      (5)%   30,690,000   31,779,500      (3)%   
Kumba production                         9,817,600   10,554,700    9,717,600    9,683,600    8,614,500       14%      (7)%   20,372,300   18,219,400       12%   
Lump                                     6,723,700    7,156,100    6,589,100    6,592,200    5,803,900       16%      (6)%   13,879,800   12,297,000       13%   
Fines                                    3,093,900    3,398,600    3,128,500    3,091,400    2,810,600       10%      (9)%    6,492,500    5,922,400       10%   
Kumba production by mine                                                                                                                                         
Sishen                                   6,876,800    7,071,200    6,583,400    6,615,300    5,877,400       17%      (3)%   13,948,000   12,565,300       11%   
Kolomela                                 2,940,800    3,483,500    3,134,200    3,068,300    2,737,100        7%     (16)%    6,424,300    5,654,100       14%   
Kumba sales volumes(2)                   9,406,000   10,230,200   10,285,700   11,076,800    8,217,100       14%      (8)%   19,636,200   19,086,700        3%   
Export iron ore(2)                       9,406,000   10,123,100   10,285,700   11,076,800    8,217,100       14%      (7)%   19,529,100   18,729,000        4%   
Domestic iron ore                                -      107,100            -            -            -       n/a       n/a      107,100      357,700     (70)%   
Minas-Rio production                                                                                                                                             
Pellet feed (wet basis)                  5,877,700    5,618,700    6,465,600    4,993,800    6,198,000      (5)%        5%   11,496,400   12,622,100      (9)%   
Minas-Rio sales volumes                                                                                                                                          
Export - pellet feed (wet basis)         5,567,600    5,486,200    6,314,500    4,784,600    6,611,600     (16)%        1%   11,053,800   12,692,800     (13)%   

(1) Total iron ore is the sum of Kumba and Minas-Rio and reported in wet metric tonnes. Kumba product is shipped with ~1.6% moisture and Minas-Rio product 
    is shipped with ~9% moisture.
(2) Sales volumes differ to Kumba's standalone results due to sales to other Group companies.

METALLURGICAL COAL

                                                            Q2 2021           Q2 2021                   H1 2021
Metallurgical Coal(1) (000 t)                   Q2      Q2      vs.      Q1       vs.     H1       H1       vs.   
                                              2021    2020  Q2 2020    2021   Q1 2021    2021    2020   H1 2020   
Metallurgical Coal (Australia)               2,969   3,977    (25)%   3,279      (9)%   6,247   7,803     (20)%   

(1) Anglo American's attributable share of production.

Export metallurgical coal production was 3.0 million tonnes, down 25% due to the continued suspension of
operations at Grosvenor following the underground incident in May 2020, as well as the suspension of
Moranbah for most of the quarter. Open cut operations are returning towards pre-Covid-19 production levels
having been scaled back at Dawson and Capcoal since mid-2020 in response to reduced demand for the
products.

Development activities at Grosvenor began in early June as part of the mine's staged approach to restarting
longwall mining operations towards the end of 2021.

Longwall mining operations restarted at Moranbah on 3 June 2021, following the suspension from 21 February
2021 in response to elevated gas levels.

As a result of the lower volumes, the H1 2021 unit cost is expected to be circa $124/tonne.

The ratio of hard coking coal production to PCI/semi-soft coking coal was 78:22, lower than in Q2 2020 (81:19),
due to a lower proportion of product coming from the underground operations.

The H1 2021 average realised price for hard coking coal was $117/tonne, lower than the benchmark price of
$132/tonne as sales consisted of a lower proportion of premium quality hard coking coal from Moranbah and
Grosvenor.

Full Year Guidance

Production guidance for metallurgical coal is unchanged at 14-16 million tonnes, subject to the extent of any
Covid-19 related disruption.

                                                                                                           Q2 2021   Q2 2021                           H1 2021
Coal, by product (tonnes)(1)                          Q2          Q1          Q4          Q3          Q2       vs.       vs.          H1          H1       vs.  
                                                    2021        2021        2020        2020        2020   Q2 2020   Q1 2021        2021        2020   H1 2020   
Production volumes                                                                                                                                               
Metallurgical Coal                             2,968,600   3,278,500   4,182,400   4,836,100   3,977,200     (25)%      (9)%   6,247,100   7,803,400     (20)%   
Hard Coking Coal                               2,319,500   2,511,200   3,221,200   3,969,100   3,221,500     (28)%      (8)%   4,830,700   6,233,700     (23)%   
PCI / SSCC                                       649,100     767,300     961,200     867,000     755,700     (14)%     (15)%   1,416,400   1,569,700     (10)%   
Export thermal Coal                              519,000     372,400     562,300     587,000     468,000       11%       39%     891,400     871,300        2%   
Sales volumes                                                                                                                                                    
Metallurgical Coal                             2,856,300   3,112,300   4,318,300   4,818,000   3,901,300     (27)%      (8)%   5,968,600   7,751,700     (23)%   
Hard Coking Coal                               2,246,200   2,462,100   3,536,900   4,130,000   3,305,000     (32)%      (9)%   4,708,300   6,172,400     (24)%   
PCI / SSCC                                       610,100     650,200     781,400     688,000     596,300        2%      (6)%   1,260,300   1,579,300     (20)%   
Export thermal Coal                              572,000     492,000     725,800     500,100     651,700     (12)%       16%   1,064,000   1,058,900        0%   

(1) Anglo American's attributable share of production.

                                                                                                           Q2 2021   Q2 2021                           H1 2021
Metallurgical coal, by operation (tonnes)(1)          Q2          Q1          Q4          Q3          Q2       vs.       vs.          H1          H1       vs.   
                                                    2021        2021        2020        2020        2020   Q2 2020   Q1 2021        2021        2020   H1 2020   
Metallurgical Coal                             2,968,600   3,278,500   4,182,400   4,836,100   3,977,200     (25)%      (9)%   6,247,100   7,803,400     (20)%   
Moranbah                                          56,600     595,100   1,209,200   2,008,500     761,800     (93)%     (90)%     651,700   1,212,600     (46)%   
Grosvenor                                              -           -           -       4,500     560,900       n/a       n/a           -   1,101,800       n/a   
Capcoal (incl. Grasstree)                      1,554,100   1,346,600   1,680,900   1,328,800   1,221,900       27%       15%   2,900,700   2,605,200       11%   
Dawson                                           569,800     600,600     461,200     588,300     638,400     (11)%      (5)%   1,170,400   1,379,600     (15)%   
Jellinbah                                        788,100     736,200     831,100     906,000     794,200      (1)%        7%   1,524,300   1,504,200        1%   

(1) Anglo American's attributable share of production.

NICKEL

                                                                    Q2 2021           Q2 2021                     H1 2021
Nickel (tonnes)                                       Q2       Q2       vs.       Q1      vs.       H1       H1       vs.   
                                                    2021     2020   Q2 2020     2021  Q1 2021     2021     2020   H1 2020   
Nickel                                            10,600   10,800      (2)%   10,100       5%   20,700   21,700      (5)%   

Nickel production decreased by 2% to 10,600 tonnes, reflecting planned lower ore grade.

Full Year Guidance

Production guidance is unchanged at 42,000-44,000 tonnes, subject to the extent of further Covid-19 related
disruption.

                                                                                                         Q2 2021    Q2 2021                            H1 2021
Nickel (tonnes)                                       Q2        Q1          Q4          Q3          Q2       vs.        vs.          H1          H1        vs.
                                                    2021      2021        2020        2020        2020   Q2 2020    Q1 2021        2021        2020    H1 2020  
Barro Alto
Ore mined                                        976,200   628,500   1,001,600   1,712,200   1,166,200     (16)%        55%   1,604,700   1,484,200         8%   
Ore processed                                    641,500   616,700     628,000     536,600     625,900        2%         4%   1,258,200   1,236,000         2%   
Ore grade processed - %Ni                           1.56      1.53        1.71        1.72        1.60      (3)%         2%        1.55        1.60       (3)%   
Production                                         8,800     8,200       9,500       8,000       8,800        0%         7%      17,000      17,500       (3)%   
Codemin                                                                                                                                                          
Ore mined                                              -         -           -       3,200           -       n/a        n/a           -           -        n/a   
Ore processed                                    136,400   136,600     147,600     142,100     145,800      (6)%         0%     273,000     291,600       (6)%   
Ore grade processed - %Ni                           1.52      1.51        1.71        1.71        1.59      (4)%         1%        1.52        1.61       (6)%   
Production                                         1,800     1,900       2,200       2,200       2,000     (10)%       (5)%       3,700       4,200      (12)%   
Total Nickel production(1)                        10,600    10,100      11,700      10,200      10,800      (2)%         5%      20,700      21,700       (5)%   
Sales volumes                                      9,800    10,200      11,700      10,900       9,800        0%       (4)%      20,000      20,400       (2)%   

(1) Excludes nickel production from the Platinum Group Metals business unit.

MANGANESE

                                                                       Q2 2021                  Q2 2021                         H1 2021
Manganese (000 t)                                     Q2        Q2         vs.          Q1          vs.       H1         H1         vs.  
                                                    2021      2020     Q2 2020        2021      Q1 2021     2021       2020     H1 2020   
Manganese ore(1)                                     941       796         18%         905           4%    1,845      1,639         13%   
Manganese alloys(1)(2)                                 -        23         n/a           -          n/a        -         48         n/a   

(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.

Manganese ore production increased by 18% to 940,500 tonnes, reflecting the impact of Covid-19 lockdowns
in South Africa in Q2 2020.

There was no manganese alloy production as the South African smelter has been on care and maintenance
since the Covid-19 lockdown. The TEMCO smelter in Australia was sold at the start of 2021.

                                                                                                          Q2 2021    Q2 2021                           H1 2021
Manganese (tonnes)                                          Q2         Q1        Q4        Q3        Q2       vs.        vs.          H1          H1       vs.
                                                           2021      2021      2020      2020      2020   Q2 2020    Q1 2021        2021        2020   H1 2020   
Samancor production                                                                                                                                              
Manganese ore(1)                                        940,500   904,500   942,400   938,700   796,000       18%         4%   1,845,000   1,638,900       13%   
Manganese alloys(1)(2)                                        -         -    14,600    18,300    23,200       n/a        n/a           -      47,600       n/a   
Samancor sales volumes                                                                                                                                           
Manganese ore                                           980,200   878,200   936,800   976,200   810,700       21%        12%   1,858,400   1,616,100       15%   
Manganese alloys                                              -       670    24,500    22,700    23,400       n/a        n/a         670      56,200       n/a   

(1) Saleable production.
(2) Production includes medium carbon ferro-manganese.

THERMAL COAL

                                                                            Q2 2021             Q2 2021                          H1 2021
Thermal Coal(1) (000 t)                                      Q2        Q2       vs.        Q1       vs.        H1         H1         vs.
                                                           2021      2020   Q2 2020      2021   Q1 2021      2021       2020     H1 2020   
Export Thermal Coal (South Africa)(2)                     2,534     3,588     (29)%     3,149     (20)%     5,682      7,783       (27)%   
Export Thermal Coal (Colombia)(3)                         1,784       767      132%     1,795      (1)%     3,579      2,745         30%   

(1) Anglo American's attributable share of production.
(2) Includes export primary production, secondary production sold into export markets and production sold domestically at export 
    parity pricing until the demerger of the South Africa thermal coal operations effective 4 June 2021.
(3) Anglo American's attributable share of Cerrejon production is 33.3%. The sale of Anglo American's interest in Cerrejon is 
    expected to complete in H1 2022, subject to regulatory approvals. The agreement is effective 31 December 2020 and, therefore, 
    economic benefits of production from 1 January 2021 onwards will not accrue to Anglo American.

Thermal Coal, South Africa - Export thermal coal production decreased by 29% to 2.5 million tonnes,
primarily due to the demerger of the South Africa thermal coal operations on 4 June 2021.

Thermal Coal, Colombia - Attributable export thermal coal production more than doubled to 1.8 million tonnes,
reflecting the impact of Covid-19 lockdowns in Q2 2020.

The H1 2021 weighted average realised price for export thermal coal from South Africa and Colombia was
$72/tonne (South Africa: $77/tonne; Colombia: $65/tonne). This was 16% lower than the weighted average
quoted FOB price, largely due to energy content adjustments relative to the industry benchmark.

Full Year Guidance

Following the demerger of the South Africa thermal coal operations on 4 June 2021, no further production will
be reported by Anglo American. Product purchased from Thungela under the offtake agreement will be
reported as third party.

The sale of Anglo American's 33% interest in Cerrejon is expected to complete in H1 2022, subject to regulatory
approvals. The agreement is effective on the 31 December 2020 and, therefore, economic benefits of
production from 1 January 2021 onwards will not accrue to Anglo American.

                                                                                                         Q2 2021   Q2 2021                             H1 2021
Thermal Coal (tonnes)(1)                        Q2           Q1           Q4           Q3           Q2       vs.       vs.           H1           H1       vs.
                                              2021         2021         2020         2020         2020   Q2 2020   Q1 2021         2021         2020   H1 2020   
Production volumes                                                                                                                                               
Thermal Coal                             6,742,700    8,080,400    8,059,500    9,575,400    8,293,000     (19)%     (17)%   14,823,100   16,973,400     (13)%   
Export - South Africa(2)                 2,533,600    3,148,500    4,085,000    4,595,400    3,587,600     (29)%     (20)%    5,682,100    7,782,700     (27)%   
Export - Colombia(3)                     1,784,000    1,794,900      347,000    1,037,700      767,400      132%      (1)%    3,578,900    2,745,300       30%   
Domestic - South Africa                  2,425,100    3,137,000    3,627,500    3,942,300    3,938,000     (38)%     (23)%    5,562,100    6,445,400     (14)%   
Sales volumes                                                                                                                                                    
Thermal Coal                             9,743,900   10,701,500   10,086,000   10,854,100   10,502,900      (7)%      (9)%   20,445,400   21,892,000      (7)%   
Export - South Africa(2)                 2,250,100    3,085,200    4,872,100    4,512,700    3,264,300     (31)%     (27)%    5,335,300    7,188,300     (26)%   
Export - Colombia(3)                     1,618,700    1,746,300      369,900      993,800    1,142,500       42%      (7)%    3,365,000    3,170,600        6%   
Domestic - South Africa                  2,325,300    3,023,800    2,994,600    3,407,700    3,558,700     (35)%     (23)%    5,349,100    5,967,100     (10)%   
Third party sales                        3,549,800    2,846,200    1,849,400    1,939,900    2,537,400       40%       25%    6,396,000    5,566,000       15%   

(1) Anglo American's attributable share of production.
(2) Includes export primary production, secondary production sold into export markets and production sold domestically at export parity pricing 
    until the demerger of the South Africa thermal coal operations effective 4 June 2021.
(3) Anglo American's attributable share of Cerrejon production is 33.3%. The sale of Anglo American's interest in Cerrejon is expected to complete 
    in H1 2022, subject to regulatory approvals. The agreement is effective 31 December 2020 and, therefore, economic benefits of production and sales, 
    from 1 January 2021 onwards will not accrue to Anglo American.

                                                                                                        Q2 2021    Q2 2021                             H1 2021
Production, by operation (tonnes)(1)               Q2          Q1          Q4          Q3          Q2       vs.        vs.           H1           H1       vs.
                                                 2021        2021        2020        2020        2020   Q2 2020    Q1 2021         2021         2020   H1 2020   
Thermal Coal - South Africa(2)              4,958,700   6,285,500   7,712,500   8,537,700   7,525,600     (34)%      (21)%   11,244,200   14,228,100     (21)%   
Goedehoop                                   1,320,500   1,704,000   1,907,500   1,816,600   1,192,500       11%      (23)%    3,024,500    2,399,900       26%   
Greenside                                     632,700     768,200     938,000   1,199,000   1,179,100     (46)%      (18)%    1,400,900    2,357,000     (41)%   
Zibulo                                        841,000   1,204,800   1,099,900   1,429,900   1,331,100     (37)%      (30)%    2,045,800    2,622,800     (22)%   
Khwezela                                      633,500     529,900   1,444,200   1,735,100   1,383,700     (54)%        20%    1,163,400    3,003,100     (61)%   
Mafube                                        282,600     446,400     491,300     503,100     339,200     (17)%      (37)%      729,000      823,800     (12)%   
Other(3)                                    1,248,400   1,632,200   1,831,600   1,854,000   2,100,000     (41)%      (24)%    2,880,600    3,021,500      (5)%   
Thermal Coal - Colombia (Cerrejon)(4)       1,784,000   1,794,900     347,000   1,037,700     767,400      132%       (1)%    3,578,900    2,745,300       30%   

(1) Anglo American's attributable share of production.
(2) Export and domestic production until the demerger of the South Africa thermal coal operations effective on 4 June 2021; Isibonelo and Rietvlei produce 
    exclusively domestic volumes.
(3) Other includes Isibonelo and Rietvlei.
(4) Anglo American's attributable share of Cerrejon production is 33.3%. The sale of Anglo American's interest in Cerrejon is expected to complete in H1 2022, 
    subject to regulatory approvals. The agreement is effective 31 December 2020 and, therefore, economic benefits of production from 1 January 2021 onwards 
    will not accrue to Anglo American.

EXPLORATION AND EVALUATION

Exploration and evaluation expenditure increased by 56% to $67 million. Exploration expenditure increased
by 39% to $25 million driven by increased drilling at Sakatti (Copper/PGMs) in Finland and Iron Ore, reflecting
the impact of Covid-19 in Q2 2020. Evaluation expenditure increased by 68% to $42 million, with increased
spend at Metallurgical Coal, Sakatti (Copper/PGMs) and Diamonds.

NOTES

-   This Production Report for the quarter ended 30 June 2021 is unaudited.
-   Production figures are sometimes more precise than the rounded numbers shown in this Production
    Report.
-   Copper equivalent production shows changes in underlying production volume. It is calculated by
    expressing each product's volume as revenue, subsequently converting the revenue into copper
    equivalent units by dividing by the copper price (per tonne). Long-term forecast prices are used, in order
    that period-on-period comparisons exclude any impact for movements in price.
-   Please refer below for information on forward-looking statements.

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.

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

Katie Ryall                                              Michelle Jarman
katie.ryall@angloamerican.com                            michelle.jarman@angloamerican.com
Tel: +44 (0)20 7968 8935                                 Tel: +44 (0)20 7968 1494

South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)71 164 5719

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 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.

Forward-looking statements and third-party information:

This announcement includes forward-looking statements. All statements other than statements of historical facts included
in this announcement, 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 Reserves and
Mineral Resource estimates) 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 transportation 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 announcement. 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 announcement
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 announcement is sourced from publicly
available third-party sources. As such, it has not been independently verified and presents the views of those third parties,
though these 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.

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)

20 July 2021
Date: 20-07-2021 08:00:00
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