Anglo American builds operational momentum for next phase of value-driven growth

Anglo American plc (“Anglo American”) is today providing an update on its performance during 2022 and capital expenditure and production guidance for the next three financial years.

Duncan Wanblad, Chief Executive of Anglo American, said: “This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years. In 2022, these have been added to by geopolitically-led economic volatility, and extreme weather and other localised disruptions at our operations.

“As we have built operational momentum in the second half, we have also moderated our near term production growth plans with a clear priority to deliver a stable platform from which to build strengthened and repeatable performance. This allows us to invest in increased ore reserve flexibility and systematically implement our P101 best practice programme of equipment and process performance. We have also taken the opportunity to re-phase certain of our growth investments to ensure optimal sequencing for long term value creation in the current high inflationary and dynamic external environment.

“Anglo American offers a highly differentiated investment proposition, founded upon our high quality diversified portfolio of future-enabling products and our depth of growth optionality, underpinned by our operating model and track record of innovation. Together, these position us strongly for the structurally attractive longer term, notwithstanding current market volatility. Our unwavering focus is on driving safe, consistent performance across our operations, delivering value-adding growth and progressing towards our full suite of sustainability ambitions – including our 2040 carbon neutral operations commitment.”