REG - Anglo American PLC - Anglo American Production Report Q4, 2016 <Origin Href="QuoteRef">AAL.L</Origin> - Part 2

Anglo AmericanAnnouncement

26/01/2017 07:23

- Part 2: For the preceding part double click  ID:nRSZ1467Va 

Companies from the Diamond Trading Company Botswana (DTCB) and the Namibia Diamond Trading Company
(NDTC). 
 
(2)         Copper and nickel refined through third parties is shown as production of copper matte and nickel matte. 
 
(3)         Independently managed operations include: BRPM, Bokoni, Kroondal, Mototolo and Modikwa. 
 
(4)         Restated to exclude third party production from Platinum Mile which was not sold as part of the Rustenburg
transaction. 
 
(5)         Other includes Twickenham and third party purchases including purchased ounces from Rustenburg from 1 November
2016. 
 
(6)         4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium,
rhodium and gold. 
 
(7)         Excludes Anglo American Platinum's copper production. 
 
(8)         ASCu = acid soluble copper. 
 
(9)         TCu = total copper. 
 
(10)       Anglo American's share of Collahuasi production is 44%. 
 
(11)       Anglo American ownership interest of Anglo American Sur is 50.1%. Production is stated at 100% as Anglo American
consolidates Anglo American Sur. 
 
(12)       Difference between total copper production and attributable copper production arises from Anglo American's 44%
interest in Collahuasi. 
 
(13)       Relates to sales of copper not produced by Anglo American operations. 
 
(14)       Excludes Anglo American Platinum's nickel production. 
 
(15)       Saleable production. 
 
(16)       Production includes medium carbon ferro-manganese. 
 
(17)       Includes both hard coking coal and PCI sales volumes. 
 
ACHIEVED PRICES SUMMARY 
 
 Average achieved prices                              FY 2016  FY 2015  H2  2016  H1 2016  FY 2016vs.FY 2015  H2 2016vs.H1 2016  
 De Beers                                                                                                                        
 Total sales volumes (100%) (Mct)                     32.0     20.6     13.7      18.3     55%                (25)%              
 Consolidated sales volumes(Mct)(1)                   30.0     19.9     12.8      17.2     51%                (26)%              
 Consolidated average realised       price ($/ct)(2)  187      207      201       177      (10)%              14%                
 Average price index(3)                               118      135      119       117      (13)%              2%                 
 PGMs                                                                                                                            
 Platinum (US$/oz)                                    993      1,051    1,015     971      (6)%               5%                 
 Palladium (US$/oz)                                   610      703      670       551      (13)%              22%                
 Rhodium (US$/oz)                                     680      958      682       679      (29)%              0%                 
 Basket price (US$/oz)                                1,753    1,905    1,877     1,632    (8)%               15%                
 Basket price (ZAR/oz)                                25,649   24,203   26,209    25,100   6%                 4%                 
 Copper (USc/lb)                                      225      228      235       215      (1)%               9%                 
 Nickel (USc/lb)                                      431      498      474       387      (13)%              22%                
 Iron Ore - FOB prices                                                                                                           
 Kumba Export (US$/dmt)(4)                            64       53       67        55       21%                22%                
 Minas-Rio (US$/wmt)(5)                               54       41       61        44       32%                39%                
 Coal                                                                                                                            
 Australia and Canada                                                                                                            
 Metallurgical - HCC  (U$/t)(6)                       119      94       153       79       27%                94%                
 Metallurgical - PCI (US/t) (6)                       77       77       91        70       0%                 30%                
 Thermal - Export (U$/t)                              55       55       65        47       0%                 38%                
 Thermal - Domestic (U$/t, FOR)                       24       28       25        24       (14)%              4%                 
 South Africa                                                                                                                    
 Thermal - Export (U$/t)(7)                           60       55       69        50       9%                 38%                
 Thermal - Domestic (U$/t, FOR)                       17       19       17        16       (11)%              6%                 
 Colombia                                                                                                                        
 Thermal - Export (U$/t)                              56       55       65        47       2%                 38%                
 
 
(1)       Consolidated sales volumes exclude De Beers' JV partners' 50% proportionate share of sales to entities outside
the De Beers Group of Companies from the Diamond Trading Company Botswana (DTCB) and the Namibia Diamond Trading Company
(NDTC). 
 
(2)       Pricing based on 100% selling value post-aggregation. 
 
(3)       Average of the De Beers price index for the Sights within the twelve month period. The De Beers price index is
relative to 100 as at December 2006. 
 
(4)       Average realised export basket price (FOB Saldanha). 
 
(5)       Average realised export basket price (FOB Açu) (wet basis). 
 
(6)       Weighted average metallurgical coal sales price achieved. 
 
(7)       Weighted average export thermal coal price achieved. 
 
Note: 
 
Production figures are sometimes more precise than the rounded numbers shown in the commentary of this report. The
percentage change will reflect the percentage change using the production figures shown in the Production Summary of this
report. 
 
Forward-looking statements: 
 
This contains certain forward looking statements which involve risk and uncertainty because they relate to events and
depend on circumstances that occur in the future. There are a number of factors that could cause actual results or
developments to differ materially from those expressed or implied by these forward looking statements. 
 
For further information, please contact: 
 
 Media                                                                                                                                                                                                                                                                                                                  Investors                                                                                                                                                                                                     
 UKJames Wyatt-Tilbyjames.wyatt-tilby@angloamerican.comTel: +44 (0)20 7968 8759 Marcelo Esquivelmarcelo.esquivel@angloamerican.comTel: +44 (0)20 7968 8891 South AfricaPranill Ramchanderpranill.ramchander@angloamerican.comTel: +27 (0)11 638 2592 Ann Farndellann.farndell@angloamerican.comTel: +27 (0)11 638 2786   UKPaul Gallowaypaul.galloway@angloamerican.comTel: +44 (0)20 7968 8718 Trevor Dyertrevor.dyer@angloamerican.comTel: +44 (0)20 7968 8992 Sheena Jethwasheena.jethwa@angloamerican.comTel: +44 (0)20 7968 8680  
 
 
Notes to editors: 
 
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and
undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and
maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find
new resources, plan and build our mines and who mine, process and move and market our products - from diamonds (through De
Beers) to platinum and other precious metals and copper - to our customers around the world. 
 
As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and
stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the
communities and countries in which we operate - creating sustainable value and making a real difference. 
 
www.angloamerican.com 
 
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