21 Oct - 27 min read

Production Report for the third quarter ended 30 September 2021

Production Report for the third quarter ended 30 September 2021

Anglo American plc (the "Company")
Registered office: 17 Charterhouse Street London EC1N 6RA United Kingdom    
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

NEWS RELEASE

21 October 2021

Production Report for the third quarter ended 30 September 2021

Mark Cutifani, Chief Executive of Anglo American, said: "Production is up 2%(1) compared to Q3 of last year, with our
operating levels generally maintained at approximately 95%(2) of normal capacity. The increase in production is led by
planned higher rough diamond production at De Beers, increased production from our Minas-Rio iron ore operation in
Brazil, reflecting the planned pipeline maintenance in Q3 2020, and improved plant performance at our Kumba iron ore
operations in South Africa.

"We are broadly on track to deliver our full year production guidance across all products, while taking the opportunity to tighten up 
the guidance for diamonds, copper and iron ore within our current range as we approach the end of the year. Our copper operations 
in Chile continue to work hard on mitigating the risk of water availability due to the challenges presented by the longest drought on 
record for the region, including through sourcing water that is not suitable for use elsewhere and further increasing water recycling."

Q3 2021 highlights

- Rough diamond production increased by 28%, principally from the Jwaneng and Venetia mines, reflecting planned
  higher production in response to the ongoing consumer demand recovery led by the key US and China markets.
- Copper production decreased by 6% due to planned maintenance at Collahuasi, while total year to date production
  across all copper operations increased marginally by 1% despite ongoing water availability constraints caused by
  record drought conditions in Chile.
- Our Platinum Group Metals (PGMs) operations delivered a 39% increase in refined output, reflecting stable
  performance from the ACP Phase A unit.
- Iron ore production increased by 15%, driven primarily by a 22% uplift from Minas-Rio, reflecting the planned
  maintenance period in Q3 2020 for routine internal scanning of the pipeline. Kumba production also performed
  strongly, increasing by 11% due to improved plant performance.
- At our longwall metallurgical coal operations in Australia, Moranbah has steadily improved as they mined through
  challenging geological zones this quarter, and development work at Grosvenor continues to progress, with longwall
  mining expected to restart towards the end of the year.
- Primary nickel production increased by 2% over the period and by-product nickel from our PGMs business increased by
  20% to 6,000 tonnes.

Production                                     Q3 2021   Q3 2020   % vs. Q3 2020   YTD 2021   YTD 2020   % vs. YTD 2020   
Diamonds (Mct)(3)                                  9.2       7.2             28%       24.6       18.4              33%   
Copper (kt)(4)                                     157       166            (6)%        487        480               1%   
Platinum group metals (koz)(5)                   1,116     1,113              0%      3,195      2,733              17%   
Iron ore (Mt)(6)                                  16.9      14.7             15%       48.8       45.5               7%   
Metallurgical coal (Mt)                            4.3       4.8           (11)%       10.5       12.6            (17)%   
Nickel (kt)(7)                                    10.4      10.2              2%       31.1       31.9             (3)%   
Manganese ore (kt)                               1,004       939              7%      2,849      2,578              11%   

(1) Copper equivalent production is normalised to reflect the demerger of the South Africa thermal coal operations, the announced 
    sale of our interest in Cerrejon and the closure of the manganese alloy operations.
(2) Production capacity excludes Grosvenor.
(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 operations in Chile 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 operations in Brazil only (excludes nickel production from the Platinum Group Metals business unit).

Production Outlook Summary

2021 production guidance is summarised as follows:

                                           2021 production guidance(1)
Diamonds(2)                                          ~32 Mct
                                              (previously 32-33Mct)
Copper(3)                                           650-660 kt
                                             (previously 650-680kt)
Platinum Group Metals(4)                           4.2-4.4 Moz
Iron Ore(5)                                          ~64.5 Mt
                                             (previously 64.5-66.5Mt)
Metallurgical Coal(6)                               14-16 Mt
Nickel(7)                                           42-44 kt

(1) Subject to the extent of further Covid-19 related disruption.
(2) On a 100% basis, except for the Gahcho Kue joint venture, which is on an attributable 51% basis.
(3) Copper operations in Chile 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 by-product from Australia.
(7) Nickel operations in Brazil only.

Realised Prices

                                                                                                        Q3 YTD 2021 vs.
                                                                           Q3 YTD 2021   Q3 YTD 2020        Q3 YTD 2020
Copper (USc/lb)(1)                                                                 434           273                59%   
Platinum Group Metals                                                                                                     
Platinum (US$/oz)                                                                1,118           876                28%   
Palladium (US$/oz)                                                               2,582         2,143                20%   
Rhodium (US$/oz)                                                                22,009         9,465               133%   
Basket price (US$/PGM oz)(2)                                                     2,868         1,869                53%   
Iron Ore - FOB prices(3)                                                           176            99                78%   
Kumba Export (US$/wmt)(4)                                                          181           101                79%   
Minas-Rio (US$/wmt)(5)                                                             167            96                74%   
Metallurgical Coal - HCC (US$/t)(6)                                                149           114                31%   
Nickel (USc/lb)                                                                    748           531                41%   

(1) The realised price for Copper excludes third party sales volumes.
(2) 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).
(3) 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.
(4) 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 $184/t (Q3 2020: $103/t) and this was higher than the dry 62% Fe benchmark 
    price of $157/t (FOB South Africa, adjusted for freight).
(5) Average realised export basket price (FOB Acu) (wet basis as product is shipped with ~9% moisture).
(6) Weighted average coal sales price achieved at managed operations. Metallurgical Coal PCI (US$/t) Q3 2021 was US$138/t and Q3 2020 was US$90/t, 
    resulting in a 53% YTD movement. Thermal Coal Australia (US$/t) Q3 2021 was US$105/t and Q3 2020 was US$56/t, resulting in a 88% YTD movement.

De Beers

                                                            Q3 2021              Q3 2021                       YTD 2021
De Beers(1) (000 carats)                   Q3        Q3         vs.       Q2         vs.      YTD      YTD          vs.
                                         2021      2020     Q3 2020     2021     Q2 2021     2021     2020     YTD 2020   
Botswana                                6,403     4,827         33%    5,727         12%   17,090   12,296          39%   
Namibia                                   399       242         65%      338         18%    1,075    1,111         (3)%   
South Africa                            1,577     1,178         34%    1,276         24%    4,014    2,484          62%   
Canada                                    797       915       (13)%      899       (11)%    2,406    2,548         (6)%   
Total carats recovered                  9,176     7,162         28%    8,240         11%   24,585   18,439          33%   

Rough diamond production increased by 28% to 9.2 million carats, reflecting planned higher production to meet stronger
demand for rough diamonds.

In Botswana, production increased by 33% to 6.4 million carats primarily driven by to the planned treatment of higher
grade ore at Jwaneng, partly offset by lower production at Orapa due to the planned closure of Plant 1.

Namibia production increased by 65% to 0.4 million carats reflecting the suspension of the marine fleet during Q3 2020,
as part of the response to lower demand at that time.

South Africa production increased by 34% to 1.6 million carats due to planned treatment of higher grade ore from the
final cut of the Venetia open pit and an improvement in plant performance.

Production in Canada decreased by 13% to 0.8 million carats due to lower grade ore being processed.

Demand for rough diamonds continued to be robust, with positive midstream sentiment reflecting strong demand for
polished diamond jewellery, particularly in the key markets of the US and China. Rough diamond sales totalled 7.8 million
carats (7.0 million carats on a consolidated basis)(2) from two Sights, compared with 6.6 million carats (6.5 million carats
on a consolidated basis)(2) from three Sights in Q3 2020, and 7.3 million carats (6.5 million carats on a consolidated
basis)(2) from two Sights in Q2 2021(3).

Full Year Guidance

Production guidance(1) is tightened to ~32 million carats (previously 32-33 million carats) (100% basis), due to continuing
operational challenges, subject to 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) 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).
(3) 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, 0.2Mct (total sales volume, 100% and consolidated basis) from Sight 3 were recognised in Q2 2021.

                                                                                                           Q3 2021    Q3 2021                           YTD 2021
De Beers(1)                                                 Q3        Q2        Q1        Q4        Q3         vs.        vs.        YTD        YTD          vs.
                                                          2021      2021      2021      2020      2020     Q3 2020    Q2 2021       2021       2020     YTD 2020
Carats recovered (000 carats)
100% basis (unless stated)
Jwaneng                                                  3,954     3,169     3,091     1,452     1,748        126%        25%     10,214      6,086          68%
Orapa(2)                                                 2,449     2,558     1,869     2,811     3,079       (20)%       (4)%      6,876      6,210          11%
Total Botswana                                           6,403     5,727     4,960     4,263     4,827         33%        12%     17,090     12,296          39%
Debmarine Namibia                                          309       249       249       256       147        110%        24%        807        869         (7)%
Namdeb (land operations)                                    90        89        89        81        95        (5)%         1%        268        242          11%
Total Namibia                                              399       338       338       337       242         65%        18%      1,075      1,111         (3)%
Venetia                                                  1,577     1,276     1,161     1,287     1,178         34%        24%      4,014      2,484          62%
Total South Africa                                       1,577     1,276     1,161     1,287     1,178         34%        24%      4,014      2,484          62%
Gahcho Kue (51% basis)                                     797       899       710       776       915       (13)%      (11)%      2,406      2,548         (6)%
Total Canada                                               797       899       710       776       915       (13)%      (11)%      2,406      2,548         (6)%
Total carats recovered                                   9,176     8,240     7,169     6,663     7,162         28%        11%     24,585     18,439          33%
Sales volumes                                                                                                                                                   
Total sales volume (100)% (Mct)(3)                         7.8    7.3(4)   13.5(4)       6.9       6.6         18%         7%       28.6       15.8          81%
Consolidated sales volume (Mct)(3)                         7.0    6.5(4)   12.7(4)       6.4       6.5          8%         8%       26.2       15.0          75%
Number of Sights (sales cycles)                              2      2(4)      3(4)         2         3                              7(4)       7(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
 
                                                                                                 Q3 2021                Q3 2021                         YTD 2021
Copper(1) (tonnes)                                                             Q3        Q3          vs.        Q2          vs.       YTD        YTD         vs.
                                                                             2021      2020      Q3 2020      2021      Q2 2021       2021       2020   YTD 2020
Los Bronces                                                                79,600    79,400           0%    84,400         (6)%    242,800    228,800         6%
Collahuasi (44% share)                                                     65,300    75,500        (14)%    74,300        (12)%    211,200    217,600       (3)%
El Soldado                                                                 11,600    10,800           7%    11,000           5%     32,500     33,100       (2)%
Total Copper                                                              156,500   165,700         (6)%   169,700         (8)%    486,500    479,500         1%

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

Copper production decreased by 6% to 156,500 tonnes due to planned plant maintenance at Collahuasi.

Production from Los Bronces of 79,600 tonnes was in line with prior year. An increase in plant throughput was fully offset
by planned lower grade (0.70% vs 0.73%) and lower copper recovery (79.7% vs 80.9%).

At Collahuasi, attributable production decreased by 14% to 65,300 tonnes due to planned major plant maintenance.

Production from El Soldado increased by 7% to 11,600 tonnes reflecting strong plant performance, partially offset by
planned lower grade (0.73% vs. 0.78%).

The year to date average realised price of 434c/lb, includes 171,661 tonnes of copper that as at 30 September was
provisionally priced at an average price of 413c/lb.

Chile´s central zone continues to face challenging climate conditions with a continuation of the longest drought recorded.
These conditions are placing significant pressure on water availability and pose an ongoing risk to production at Los
Bronces in Q4 2021 and 2022.

Full Year Guidance

Production guidance is tightened to 650,000-660,000 tonnes (previously 650,000-680,000 tonnes), due to plant
performance challenges at Los Bronces, subject to water availability and the extent of any Covid-19 related disruption.

                                                                                                          Q3 2021   Q3 2021                             YTD 2021
Copper(1)                                        Q3           Q2           Q1           Q4           Q3       vs.       vs.          YTD          YTD        vs.
                                               2021         2021         2021         2020         2020   Q3 2020   Q2 2021         2021         2020   YTD 2020
Los Bronces mine(2)
Ore mined                                10,512,600   11,403,100   10,812,400   11,546,300    8,414,600       25%      (8)%   32,728,100   27,665,000        18%
Ore processed - Sulphide                 12,715,400   13,168,200   11,520,400   13,031,300   11,956,800        6%      (3)%   37,404,000   29,003,500        29%
Ore grade processed 
Sulphide (% TCu)(3)                            0.70         0.68         0.72         0.77         0.73      (4)%        3%         0.70         0.83      (16)%
Production - Copper cathode                   9,800        9,800        9,900       10,200        9,300        5%        0%       29,500       29,100         1%
Production - Copper in concentrate           69,800       74,600       68,900       85,700       70,100        0%      (6)%      213,300      199,700         7%
Total production                             79,600       84,400       78,800       95,900       79,400        0%      (6)%      242,800      228,800         6%
Collahuasi 100% basis                                                                                                                                           
(Anglo American share 44%)                                                                                                                                      
Ore mined                                30,327,200   26,943,000   21,220,300   18,110,000   16,412,100       85%       13%   78,490,500   53,849,200        46%
Ore processed - Sulphide                 12,926,400   14,334,300   14,441,600   12,928,700   14,612,300     (12)%     (10)%   41,702,300   42,902,900       (3)%
Ore grade proce ssed 
Sulphide (% TCu)(3)                            1.28         1.29         1.26         1.18         1.27        1%      (1)%         1.27         1.26         1%
Production - Copper in concentrate          148,300      168,800      162,800      134,600      171,500     (14)%     (12)%      479,900      494,500       (3)%
Anglo American's 44% sh are o
copper production for Collahuasi             65,300       74,300       71,600       59,200       75,500     (14)%     (12)%      211,200      217,600       (3)%
El Soldado mine(2)                                                                                                                                              
Ore mined                                 1,697,800    1,796,600    1,708,600    1,982,000    1,885,100     (10)%      (5)%    5,203,000    5,178,500         0%
Ore processed - Sulphide                  1,952,000    1,834,800    1,755,100    1,902,500    1,788,700        9%        6%    5,541,900    5,019,100        10%
Ore grade proce ssed 
Sulphide (% TCu)(3)                            0.73         0.75         0.70         0.84         0.78      (6)%      (3)%         0.73         0.84      (13)%
Production - Copper in concentrate           11,600       11,000        9,900       12,700       10,800        7%        5%       32,500       33,100       (2)%
Chagres Smelter(2)                                                                                                                                              
Ore smelted(4)                               30,200       25,400       23,200       29,800       26,700       13%       19%       78,800       81,800       (4)%
Production                                   29,200       24,600       22,600       29,000       26,000       12%       19%       76,400       79,700       (4)%
Total copper production(5)                  156,500      169,700      160,300      167,800      165,700      (6)%      (8)%      486,500      479,500         1%
Total payable copper production             150,100      162,600      154,300      161,200      159,200      (6)%      (8)%      467,000      461,100         1%
Total sales volumes                         162,300      157,700      147,700      178,600      176,100      (8)%        3%      467,700      469,800         0%
Total payable sales volumes                 153,900      149,200      143,200      172,600      167,900      (8)%        3%      446,300      450,400       (1)%
Third party sales(6)                        136,200       82,800       74,000      133,400      112,600       21%       64%      293,000      319,700       (8)%

(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)

                                                                                                  Q3 2021               Q3 2021                         YTD 2021
PGMs (000 oz)(1)                                                                 Q3        Q3         vs.        Q2         vs.        YTD      YTD          vs.
                                                                               2021      2020     Q3 2020      2021     Q2 2021       2021     2020     YTD 2020
Metal in concentrate production                                               1,116     1,113          0%     1,058          6%      3,195    2,733          17%
Own mined(2)                                                                    720       747        (4)%       709          2%      2,124    1,832          16%
Purchase of concentrate (POC)(3)                                                396       366          8%       349         14%      1,071      901          19%
Refined production(4)                                                         1,420     1,021         39%     1,354          5%      3,747    2,040          84%

(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 decreased by 4% to 720,000 ounces, mainly due to a decrease of 12% at Mogalakwena from
planned maintenance at the Mogalakwena North concentrator and lower grade material. In addition, there was planned
concentrator downtime at Unki following the completion of debottlenecking projects. This was partly offset by higher
production at Amandelbult of 7% to 218,300 ounces, reflecting the implementation of improvement plans, as well as the
19% increase at joint operations to 113,700 ounces, as a result of the year-on-year recovery from Covid-19.

Purchase of concentrate increased by 8% to 396,200 ounces, also largely due to the year-on-year recovery from
Covid-19.

Refined production

Refined production increased by 39% to 1,420,400 ounces, reflecting continued 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 Q4 2021.

Sales

Sales volumes increased by 54%, driven by higher refined production.

The year to date average realised basket price of $2,868/PGM ounce reflects strong prices 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 unchanged at 4.2-4.4 million ounces(1). Refined production guidance is
unchanged at 4.8-5.0 million ounces(2), subject to the potential 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.

                                                                                                            Q3 2021   Q3 2021                           YTD 2021
                                                        Q3         Q2         Q1         Q4         Q3          vs.       vs.         YTD         YTD        vs.
                                                      2021       2021       2021       2020       2020      Q3 2020   Q2 2021        2021        2020   YTD 2020
M&C PGMs production (000 oz)(1)                    1,116.2    1,057.9    1,021.2    1,076.1    1,112.8           0%        6%     3,195.3     2,732.8        17%
Own mined                                            720.0      709.2      694.9      716.9      747.3         (4)%        2%     2,124.1     1,832.1        16%
Mogalakwena                                          276.4      308.3      329.1      306.7      315.0        (12)%     (10)%       913.8       874.9         4%
Amandelbult                                          218.3      185.3      156.0      185.5      204.8           7%       18%       559.6       422.6        32%
Unki                                                  42.6       47.9       50.9       55.8       60.0        (29)%     (11)%       141.4       140.3         1%
Mototolo                                              69.0       59.9       58.6       69.8       72.2         (4)%       15%       187.5       153.8        22%
Joint operations(2)                                  113.7      107.8      100.3       99.1       95.3          19%        5%       321.8       240.5        34%
Purchase of concentrate                              396.2      348.7      326.3      359.2      365.5           8%       14%     1,071.2       900.7        19%
Joint operations(2)                                  113.7      107.8      100.3       99.0       95.3          19%        5%       321.8       240.5        34%
Third parties                                        282.5      240.9      226.0      260.2      270.2           5%       17%       749.4       660.2        14%
Refined PGMs production (000 oz)(1)(3)             1,420.4    1,353.7      973.0      673.1    1,020.7          39%        5%     3,747.1     2,039.9        84%
By metal:                                                                                                                                                       
Platinum                                             662.9      625.7      457.8      296.4      503.8          32%        6%     1,746.4       904.7        93%
Palladium                                            459.8      427.5      317.0      206.8      354.1          30%        8%     1,204.3       698.6        72%
Rhodium                                               92.2       94.3       63.0       47.1       48.9          89%      (2)%       249.5       126.8        97%
Other PGMs and gold                                  205.5      206.2      135.2      122.8      113.9          80%        0%       546.9       309.8        77%
Nickel (tonnes)                                      6,000      5,800      4,800      3,700      5,000          20%        3%      16,600      10,100        64%
Tolled material (000 oz)(4)                          164.5      153.8      175.9      146.5      129.4          27%        7%       494.2       357.0        38%
PGMs sales from production (000 oz)(1)(5)          1,361.0    1,437.1    1,131.1      754.3      884.9          54%      (5)%     3,929.2     2,114.2        86%
Third party PGMs sales (000 oz)(1)(6)                160.1      116.1      221.5      370.8      341.0        (53)%       38%       497.7       800.2      (38)%
4E head grade (g/t milled)(7)                         3.47       3.48       3.54       3.67       3.65         (5)%        0%        3.50        3.52       (1)%

(1) M&C refers to metal in concentrate. 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

                                                                                            Q3 2021                 Q3 2021                             YTD 2021
Iron Ore (000 t)                                                          Q3         Q3         vs.          Q2         vs.         YTD         YTD          vs.
                                                                        2021       2020     Q3 2020        2021     Q2 2021        2021        2020     YTD 2020
Iron Ore(1)                                                           16,888     14,677         15%      15,695          8%      48,757      45,519           7%
Kumba(2)                                                              10,789      9,684         11%       9,818         10%      31,161      27,903          12%
Minas-Rio(3)                                                           6,100      4,994         22%       5,878          4%      17,596      17,616           0%

(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 15% to 16.9 million tonnes, due to a 22% increase at Minas-Rio and an 11% increase at
Kumba.

Kumba - Total production increased by 11% to 10.8 million tonnes, due to an increase at Sishen of 14% to 7.5 million
tonnes and 6% at Kolomela to 3.3 million tonnes. The increase reflects improved processing plant availability and
reliability.

Total sales of 10.0 million tonnes(1) decreased by 10% due to unplanned maintenance and weather-related delays at the
Saldanha port.

Year to date, Kumba product iron (Fe) content averaged 64.1% (YTD Q3 2020: 64.3%), while the average lump:fines
ratio was 69:31 (YTD Q3 2020: 67:33).

The year to date average realised price of $181/tonne (FOB South Africa, wet basis) was higher than the 62% Fe
benchmark price of $154/tonne (FOB South Africa, adjusted for freight and moisture) due to the lump and Fe content
quality premiums that the Kumba products attract, partially offset by the timing on provisionally priced volumes.

Minas-Rio - Production increased by 22% to 6.1 million tonnes reflecting the planned stoppage in Q3 2020, when routine
internal scanning of the pipeline was carried out.

The year to date average realised price of $167/tonne (FOB Brazil, wet basis) was higher than the Metal Bulletin 66 price
of $159/tonne (FOB Brazil, adjusted for freight and moisture), reflecting the premium quality of the product, including
higher (~67%) Fe content, partially offset by the timing on provisionally priced volumes.

Full Year Guidance

Production guidance (wet basis) is tightened to ~64.5 million tonnes (previously 64.5 - 66.5 million tonnes) (Kumba ~40.5
million tonnes (previously 40.5 - 41.5 million tonnes) owing to rail in South Africa performing below planned levels; Minas-
Rio ~24 million tonnes (previously 24 - 25 million tonnes) owing to lower plant availability). Both are subject to the extent
of further Covid-19 related disruption and Kumba is subject to rail performance.

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

                                                                                                          Q3 2021   Q3 2021                             YTD 2021
Iron Ore (tonnes)                                Q3           Q2           Q1           Q4           Q3       vs.       vs.         YTD           YTD        vs.
                                               2021         2021         2021         2020         2020   Q3 2020   Q2 2021         2021         2020   YTD 2020
Iron Ore production(1)                   16,888,100   15,695,300   16,173,400   16,183,200   14,677,400       15%        8%   48,756,800   45,518,900         7%
Iron Ore sales(1)                        15,818,800   14,973,600   15,716,400   16,600,200   15,861,400        0%        6%   46,508,800   47,640,900       (2)%
Kumba production                         10,788,600    9,817,600   10,554,700    9,717,600    9,683,600       11%       10%   31,160,900   27,903,000        12%
Lump                                      7,252,800    6,723,700    7,156,100    6,589,100    6,592,200       10%        8%   21,132,600   18,889,200        12%
Fines                                     3,535,800    3,093,900    3,398,600    3,128,500    3,091,400       14%       14%   10,028,300    9,013,800        11%
Kumba production by mine                                                                                                                                        
Sishen                                    7,528,300    6,876,800    7,071,200    6,583,400    6,615,300       14%        9%   21,476,300   19,180,600        12%
Kolomela                                  3,260,300    2,940,800    3,483,500    3,134,200    3,068,300        6%       11%    9,684,600    8,722,400        11%
Kumba sales volumes(2)                    9,965,700    9,406,000   10,230,200   10,285,700   11,076,800     (10)%        6%   29,601,900   30,163,500       (2)%
Export iron ore(2)                        9,965,700    9,406,000   10,123,100   10,285,700   11,076,800     (10)%        6%   29,494,800   29,805,800       (1)%
Domestic iron ore                                 -            -      107,100            -            -       n/a       n/a      107,100      357,700      (70)%
Minas-Rio production                                                                                                                                            
Pellet feed (wet basis)                   6,099,500    5,877,700    5,618,700    6,465,600    4,993,800       22%        4%   17,595,900   17,615,900         0%
Minas-Rio sales volumes                                                                                                                                         
Export - pellet feed (wet basis)          5,853,100    5,567,600    5,486,200    6,314,500    4,784,600       22%        5%   16,906,900   17,477,400       (3)%

(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

                                                                                                         Q3 2021            Q3 2021                     YTD 2021
Metallurgical Coal(1) (000 t)                                                             Q3       Q3        vs.       Q2       vs.      YTD      YTD        vs.
                                                                                        2021     2020    Q3 2020     2021   Q2 2021     2021     2020   YTD 2020
Metallurgical Coal (Australia)                                                         4,289    4,836      (11)%    2,969       44%   10,536   12,640      (17)%

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

Export metallurgical coal production decreased by 11% to 4.3 million tonnes due to operations at Moranbah being
impacted by challenging geological conditions for most of the quarter. This was partly offset by Dawson and Capcoal
increasing production levels after having scaled back production volumes since mid-2020 in response to reduced
demand for their particular products.

Development activities at Grosvenor continue as part of the mine's staged approach to restarting longwall mining
operations towards the end of 2021, subject to the approval of the Queensland Mines Inspectorate, with the first
development coal washed in September.

The ratio of hard coking coal production to PCI/semi-soft coking coal was 83:17, slightly higher than in Q3 2020 (82:18),
due to solid performance at Grasstree and the mine sequence at Dawson and Capcoal.

The year to date average realised price for hard coking coal was $149/tonne, lower than the benchmark price of $177/
tonne as sales for the year have consisted of a lower proportion of premium quality hard coking coal from Moranbah and
Grosvenor.

Full Year Guidance

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

                                                                                                      Q3 2021     Q3 2021                               YTD 2021
Coal, by product (tonnes)(1)                      Q3          Q2          Q1          Q4          Q3      vs.         vs.           YTD           YTD        vs.
                                                2021        2021        2021        2020        2020  Q3 2020     Q2 2021          2021          2020   YTD 2020
Production volumes                                                                                                                                              
Metallurgical Coal                         4,288,500   2,968,600   3,278,500   4,182,400   4,836,100    (11)%         44%    10,535,600    12,639,500      (17)%
Hard Coking Coal                           3,567,400   2,319,500   2,511,200   3,221,200   3,969,100    (10)%         54%     8,398,100    10,202,800      (18)%
PCI / SSCC                                   721,100     649,100     767,300     961,200     867,000    (17)%         11%     2,137,500     2,436,700      (12)%
Export thermal Coal                          443,800     519,000     372,400     562,300     587,000    (24)%       (14)%     1,335,200     1,458,200       (8)%
Sales volumes                                                                                                                                                   
Metallurgical Coal                         3,985,800   2,856,300   3,112,300   4,318,300   4,818,000    (17)%         40%     9,954,400    12,569,600      (21)%
Hard Coking Coal                           3,293,600   2,246,200   2,462,100   3,536,900   4,130,000    (20)%         47%     8,001,900    10,302,400      (22)%
PCI / SSCC                                   692,200     610,100     650,200     781,400     688,000       1%         13%     1,952,500     2,267,200      (14)%
Export thermal Coal                          560,400     572,000     492,000     725,800     500,100      12%        (2)%     1,624,400     1,559,000         4%

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

Metallurgical coal, by                                                                                  Q3 2021     Q3 2021                             YTD 2021
operation (tonnes)(1)                         Q3          Q2          Q1          Q4          Q3            vs.         vs.          YTD          YTD        vs.
                                             2021        2021        2021        2020        2020       Q3 2020     Q2 2021         2021         2020   YTD 2020
Metallurgical Coal                      4,288,500   2,968,600   3,278,500   4,182,400   4,836,100         (11)%         44%   10,535,600   12,639,500      (17)%
Moranbah                                1,314,700      56,600     595,100   1,209,200   2,008,500         (35)%         n/a    1,966,400    3,221,100      (39)%
Grosvenor                                  19,500           -           -           -       4,500           n/a         n/a       19,500    1,106,300      (98)%
Capcoal (incl. Grasstree)               1,503,500   1,554,100   1,346,600   1,680,900   1,328,800           13%        (3)%    4,404,200    3,934,000        12%
Dawson                                    659,200     569,800     600,600     461,200     588,300           12%         16%    1,829,600    1,967,900       (7)%
Jellinbah                                 791,600     788,100     736,200     831,100     906,000         (13)%          0%    2,315,900    2,410,200       (4)%

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

Nickel

                                                                                                     Q3 2021              Q3 2021                       YTD 2021
Nickel (tonnes)                                                                      Q3       Q3         vs.       Q2         vs.      YTD      YTD          vs.
                                                                                   2021     2020     Q3 2020     2021     Q2 2021     2021     2020     YTD 2020
Nickel                                                                           10,400   10,200          2%   10,600        (2)%   31,100   31,900         (3)%

Nickel production increased by 2% to 10,400 tonnes, reflecting the planned annual maintenance at Codemin in Q3
2020, partially offset by 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.

                                                                                                             Q3 2021   Q3 2021                          YTD 2021
Nickel (tonnes)                                            Q3        Q2        Q1          Q4          Q3        vs.       vs.         YTD         YTD       vs.
                                                         2021      2021      2021        2020        2020    Q3 2020   Q2 2021        2021        2020  YTD 2020
Barro Alto                                                                                                                                                      
Ore mined                                           1,190,900   976,200   628,500   1,001,600   1,712,200      (30)%       22%   2,795,600   3,196,400     (13)%
Ore processed                                         564,400   641,500   616,700     628,000     536,600         5%     (12)%   1,822,600   1,772,600        3%
Ore grade processed - %Ni                                1.64      1.56      1.53        1.71        1.72       (5)%        5%        1.57        1.63      (4)%
Production                                              8,300     8,800     8,200       9,500       8,000         4%      (6)%      25,300      25,500      (1)%
Codemin                                                                                                                                                         
Ore mined                                                   -         -         -           -       3,200        n/a       n/a           -       3,200       n/a
Ore processed                                         146,800   136,400   136,600     147,600     142,100         3%        8%     419,800     433,700      (3)%
Ore grade processed - %Ni                                1.60      1.52      1.51        1.71        1.71       (6)%        5%        1.55        1.64      (5)%
Production                                              2,100     1,800     1,900       2,200       2,200       (5)%       17%       5,800       6,400      (9)%
Total Nickel production(1)                             10,400    10,600    10,100      11,700      10,200         2%      (2)%      31,100      31,900      (3)%
Sales volumes                                          11,700     9,800    10,200      11,700      10,900         7%       19%      31,700      31,300        1%

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

Manganese

                                                                                                        Q3 2021             Q3 2021                     YTD 2021
Manganese (000 t)                                                                  Q3         Q3            vs.      Q2         vs.      YTD      YTD        vs.
                                                                                 2021       2020        Q3 2020    2021     Q2 2021     2021     2020   YTD 2020
Manganese ore(1)                                                                1,004       939              7%     941          7%    2,849    2,578        11%
Manganese alloys(1)(2)                                                              -        18             n/a       -         n/a        -       66        n/a

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

Manganese ore production increased by 7% to 1,003,600 tonnes, benefiting from improved productivity at the South
African operations.

There was no manganese alloy production as the South African smelter has been on care and maintenance since the
Covid-19 lockdown.

                                                                                                          Q3 2021    Q3 2021                            YTD 2021
Manganese (tonnes)                                        Q3        Q2        Q1        Q4        Q3          vs.        vs.         YTD          YTD        vs.
                                                        2021      2021      2021      2020      2020      Q3 2020    Q2 2021        2021         2020   YTD 2020
Samancor production
Manganese ore(1)                                   1,003,600   940,500   904,500   942,400   938,700           7%         7%   2,848,600    2,577,600        11%
Manganese alloys(1)(2)                                     -         -         -    14,600    18,300          n/a        n/a           -       65,900        n/a
Samancor sales
volumes                                                                                                                                                 
Manganese ore                                        947,200   980,200   878,200   936,800   976,200         (3)%       (3)%   2,805,600    2,592,300         8%
Manganese alloys                                           -         -       670    24,500    22,700          n/a        n/a         670       78,900        n/a

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

Exploration and evaluation

Exploration and evaluation expenditure increased by 22% to $72 million. Exploration expenditure increased by 42% to
$37 million driven by increased activity in copper and PGMs, reflecting the impact of Covid-19 in Q3 2020. Evaluation
expenditure increased by 6% to $35 million, with increased spend in PGMs and diamonds.

Corporate and other activities

On the 28 June 2021, the sale of Anglo American's 33% interest in Cerrejon was announced and is expected to complete
in H1 2022, subject to regulatory approvals. The agreement is effective on the 31 December 2020 and, therefore,
economic benefits from 1 January 2021 onwards will not accrue to Anglo American should the transaction complete.(1)

Going forward we will not be reporting on the production and sales volumes for Cerrejon. Anglo American's share of
income from Cerrejon for H2 2021 will be reported in Special items and remeasurements (Note 8 in the Annual Report),
rather than underlying earnings, and dividends received from Cerrejon will continue to be reported in "Dividends from
associates and joint ventures". Furthermore, the purchase consideration for our interest in Cerrejon is subject to
completion adjustments, which include an adjustment for dividends paid by Cerrejon to Anglo American during the
period after the 31 December 2020 to completion of the sale.

(1) As previously reported at 30 June 2021, Anglo American's attributable share of Cerrejon production for H1 2021 was 3,579kt, 
    which was up by 30% on H1 2020 (2,745kt).

For more information on Anglo American's announcements during the period (excluding our 2021 Interim results), please find the 
link to our Press Releases below:
https://www.angloamerican.com/media/press-releases/2021

Notes

- This Production Report for the quarter ended 30 September 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                                              Juliet Newth
marcelo.esquivel@angloamerican.com                            juliet.newth@angloamerican.com
Tel: +44 (0)20 7968 8891                                      Tel: +44 (0)20 7968 8830

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)11 638 3189

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.

Legal Entity Identifier: 549300S9XF92D1X8ME43

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)

21 October 2021

Date: 21-10-2021 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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