Anglo American PLC Minas-Rio Step 3 Licence Secured (3535L)
24 December 2018 - 6:00PM
UK Regulatory
TIDMAAL
RNS Number : 3535L
Anglo American PLC
24 December 2018
21 December 2018
Anglo American secures Step 3 licence approval for Minas-Rio
Anglo American plc ("Anglo American") announces the receipt of
regulatory approval relating to the Step 3 licence area of the
Minas-Rio operation in Brazil. Access to the Step 3 area provides
greater operational flexibility and access to higher grade iron ore
to support the increase of production of the operation towards its
full design capacity of 26.5 million tonnes per year.
As a result of this important regulatory approval, production
guidance for 2019 is increased to 18-20 million tonnes (wet basis),
from the previous guidance of 16-19 million tonnes (wet basis).
Unit cost guidance for Minas-Rio is lowered to $28-31 per tonne
(FOB, wet basis), from the previous guidance of $30-33 per tonne.
Updated production guidance for 2020 and 2021 will be provided in
due course.
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
Robert Greenberg
Marcelo Esquivel robert.greenberg@angloamerican.com
marcelo.esquivel@angloamerican.com Tel: +44 (0)20 7968 2124
Tel: +44 (0)20 7968 8891 Sheena Jethwa
sheena.jethwa@angloamerican.com
South Africa Tel: +44 (0)20 7968 8680
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592
Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786
Notes to editors:
Anglo American is a global diversified mining business and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the metals and
minerals to meet the growing consumer-driven demands of the world's
developed and maturing economies. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and mine, process, move and
market our products to our customers around the world.
As a responsible miner - of diamonds (through De Beers), copper,
platinum and other precious metals, iron ore, coal and nickel - we
are the custodians of what are precious natural resources. We work
together with our key partners and stakeholders to unlock the
sustainable value that those resources represent for our
shareholders, the communities and countries in which we operate and
for society at large. Anglo American is re-imagining mining to
improve people's lives.
www.angloamerican.com
Legal Entity Identifier: 549300S9XF92D1X8ME43
Forward-looking statements
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 reserves and resources positions), 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, 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 governmental authorities such as permitting 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 "Takeover Code"), 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.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
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