Wrap Text
PGMs Production Report for the fourth quarter ending 31 December 2021
Anglo American Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")
27 January 2022
Anglo American Platinum Limited
PGMs Production Report for the fourth quarter ending 31 December 2021
Overview – Q4 2021 performance against prior period Q4 2020
• Safety performance – no work-related fatalities in Q4 2021 at own-managed operations, achieving a
fatality-free year at own-managed operations. Non-managed joint-operation Modikwa also achieved a safety
record and a fatality-free year.
• Total PGMs production (expressed as 5E+Au metal-in-concentrate) up 3% against Q4 2020 at 1,103,400
ounces.
• Own-managed mines PGMs production of 634,600 ounces increased by 3% in Q4 2021, due to stronger
production from Amandelbult and Unki increasing by 15% and 13% respectively.
• Refined PGMs production (owned production, excluding tolling) increased by 107% to 1,391,300 ounces.
Strong performance from the processing assets resulting in further reduction of PGMs work-in-progress
inventory.
• PGMs sales volumes (from production, excluding sales from trading) increased by 70% to 1,285,200
ounces enabled by the increase in refined production. Sales were slightly lower than refined production to
rebuild refined metal inventory.
• Base metals production (copper and nickel) increased 45%, with nickel up 53% to 5,700 tonnes and
copper up 34% to 4,000 tonnes due to high base-metal loaded areas mined at Mogalakwena.
Overview –2021 performance against prior period 2020
• Total PGMs production increased by 13% to 4,298,700 PGMs ounces.
• Total own-managed mines PGMs production increased by 10% to 2,436,700 PGMs ounces.
• Total refined PGMs production (owned production, excluding tolling) increased by 89% to a record
5,138,400 PGMs ounces.
• Total PGMs sales volumes (from production, excluding sales from trading) increased by 82% to 5,214,400
PGMs ounces.
• Base metal production increased by 52%, with nickel production up 61% to 22,300 tonnes and copper
production up 41% to 14,600 tonnes.
Natascha Viljoen, CEO of Anglo American Platinum, said:
“Our strong commitment to safe, responsible production resulted in no work-related fatalities at our own-managed
operations in the quarter, meaning they were fatality-free for the year as a whole, bringing the total to 471 days
fatality-free at year-end. In addition, our joint-operation, Modikwa also achieved a safety record by being fatality-free
for the year. Tragically, our non-managed joint operation, Kroondal, recorded two work-related fatalities and we
extend our sincerest condolences again to the families and loved ones of Tebogo Motlogelwa and Philasande
Wilburforce Xabanisa.
Operating in a Covid-19 environment continues to bring challenges, such as increased levels of absenteeism for
recovery from the virus. While this has led to a 13% regression in our Total Recordable Case Frequency Rate, we did
see a substantial improvement in December, with the lowest recorded injuries during the year, achieving a rate of 1.53
per million hours worked. Our focus remains on continuing to improve our safety performance across all the
operations..
We delivered a strong performance with total PGMs production increasing by 3% in the fourth quarter, and with
production for the year increasing by 13% compared to 2020. Amandelbult, Unki and Modikwa operations delivered
substantial production increases in the quarter. We continued our strong refined production performance, increasing
by 107% in the quarter, owing to the consistent performance of the ACP. Our full year refined production increased
89% compared to 2020, reaching a new record and meaning we largely reduced our work-in-progress inventory levels
during the year, ahead of initial forecasts. PGMS sales volumes increased by 70% in the quarter due to the increase
in refined production, despite rebuilding refined metal inventories to more normal levels following robust demand
earlier in the year. We look forward to improving on our performance in 2022.”
Anglo American Platinum Q4 2021 Q4 2021 YTD 2021
PGMs Production Report - Q4 2021 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs
1 October 2021 - 31 December 2021 2021 2021 2021 2021 2020 Q4 2020 Q3 2021 2021 2020 YTD 2020
M&C PGMs¹ production (000 ounce)² 1,103.4 1,116.2 1,057.9 1,021.2 1,076.1 3 % (1)% 4,298.7 3,808.9 13 %
Own-managed mines 634.6 606.3 601.5 594.4 617.8 3 % 5 % 2,436.8 2,209.4 10 %
Joint operations owned volume 99.7 113.7 107.8 100.3 99.0 1 % (12)% 421.5 339.5 24 %
Joint operations purchase of concentrate 99.7 113.7 107.8 100.3 99.0 1 % (12)% 421.5 339.5 24 %
Third party purchase of concentrate 269.4 282.6 240.9 226.0 260.2 4 % (5)% 1,018.9 920.4 11 %
Refined PGMs production owned (000 ounce)² 1,391.3 1,420.4 1,353.7 973.0 673.1 107 % (2)% 5,138.4 2,713.0 89 %
4E Toll refined production 179.5 164.6 153.8 175.9 146.5 23 % 9 % 673.8 503.5 34 %
Total refined production (owned and toll) 1,570.8 1,585.0 1,507.5 1,148.9 819.7 92 % (1)% 5,812.2 3,216.6 81 %
PGMs sales volume from production (000 1,285.2 1,361.0 1,437.1 1,131.1 754.3 70 % (6)% 5,214.4 2,868.5 82 %
ounce) sales volume3
Trading 272.8 160.2 116.1 221.5 370.8 (26)% 70 % 770.6 1,171.0 (34)%
Total sales volume (production and trading) 1,558.0 1,521.2 1,553.2 1,352.6 1,125.1 38 % 2 % 5,985.0 4,039.5 48 %
¹ PGMs is the sum total of platinum, palladium, rhodium, iridium, ruthenium and gold ounces.
² Referencing AAP guidance.
3 Trading sales volume not produced by Anglo American Platinum operations.
Review of the quarter
Safety
Anglo American Platinum reported no work-related fatalities during the quarter at its own-managed operations. Own-
managed operations have achieved 471 days fatality-free to 31 December 2021. In addition, our non-managed joint-
operation, Modikwa, achieved a safety record of one year fatality-free. Tragically, we had two fatalities in October at
our non-managed joint-operation, Kroondal. In collaboration with our joint operations’ management teams, we are
together strengthening the approach to eliminating fatal risks and will support the transformation safety journeys.
The Total Recordable Case Frequency Rate (TRCFR) per million hours at managed operations over the year
regressed by 13% to 2.55 per million hours, compared to 2.25 per million hours in the prior period. Turnaround plans
were implemented to address the increase in injuries, which were linked to the consequences of Covid-19 and
resulting instability due to causes such as higher absenteeism as employees isolated during recovery. As a result, we
saw a substantial improvement in the December TRCFR, improving to 1.53 per million hours worked.
Anglo American Platinum continues its strong efforts to roll out its Covid-19 vaccination programme across the
business. As of 31 December 2021, 71% of the workforce had received their first vaccination, and 55% had received
their second vaccination. In line with Government protocols, Anglo American Platinum has implemented the roll-out of
booster vaccinations for employees.
Metal-in-concentrate (M&C) PGMs production
Total PGMs production
Total PGMS production in Q4 2021 increased 3% compared to the prior period (Q4 2020) to 1,103,400 ounces, with
platinum production 3% higher at 511,200 ounces, and a 2% increase in palladium production to 345,200 ounces.
The improved performance was due to a 7% increase in concentrator throughput, offset by a 5% lower built-up head
grade of 3.49g/t. PGMs production for the full year increased by 13% to 4,298,700 PGMs ounces compared to 2020.
PGMs production from own-managed mines
Total PGMs production in Q4 2021 from own-managed mines increased by 3% to 634,600 ounces (platinum
production increased by 3% to 287,800 ounces, while palladium production increased by 1% to 229,100 ounces).
The higher production was due to stronger performances at Amandelbult, Unki and Modikwa mines during the
quarter. PGMs production for the full year increased by 10% to 2,436,800 PGMs ounces compared to 2020.
Mogalakwena increased its throughput in tonnes milled by 5% during the quarter compared to Q4 2020 but
experienced a 7% lower built-up head grade as grades normalised over the year, after mining a particularly high-
grade area in Q4 2020. The grade for the quarter ended at 3.22g/t compared to 3.46g/t in the prior period. As a result
of the lower grade, PGMs production decreased by 2% to 300,800 ounces (platinum decreased by 3% to 126,200
ounces and palladium production decreased by 3% to 138,100 ounces). Overall, PGMs production for the year
increased by 3% to 1,214,600 PGMs ounces compared to 2020.
Amandelbult delivered a strong performance, with PGMs production increasing by 15% to 213,600 ounces (platinum
production increased by 15% to 107,700 ounces and palladium production increased by 13% to 49,900 ounces).
Concentrator throughput increased by 20% due to improved mining performance and greater plant stability compared
to the prior period. PGMs production for 2021 increased by 27% to 773,200 PGMs ounces compared to 2020.
Mototolo PGMs production decreased by 18% to 56,900 ounces (platinum production decreased by 19% to 25,900
ounces and palladium decreased by 20% to 16,200 ounces). The decrease was due to lower grade material due to
dilution from poor geological conditions, and the impact of regional community unrest which affected mine access
and, production for five days. To mitigate these headwinds, lower-grade ore stockpiles were utilised to supplement
mined production. PGMs production for 2021 increased by 9% to 244,400 PGMs ounces compared to 2020.
Unki PGMs production increased by 13% to 63,300 ounces (platinum production increased by 14% to 28,000 ounces
and palladium production increased by 13% to 24,900 ounces), owing to the completion of the concentrator
debottlenecking project. The debottlenecking project should see monthly tonnes milled increase from c.175k tonnes
per month to c.210k tonnes per month, leading to a ~50,000 PGMs ounces increase per annum. PGMs production
for 2021 increased by 4% to 204,600 PGMs ounces compared to 2020.
PGMs production from joint operations (50% own-mined production and 50% purchase of concentrate)
PGMs production from joint operations increased by 1% to 199,400 ounces (platinum production decreased by 1% to
89,400 ounces while palladium production increased by 5% to 59,000 ounces). PGMs production for 2021 increased
24% to 843,000 PGMs ounces compared to 2020.
Kroondal PGMs production decreased by 14% to 126,800 ounces (platinum production decreased by 14% to 60,600
ounces and palladium production decreased by 16% to 31,600 ounces). The decrease is mainly due to difficult
mining ground conditions, the planned ramp-down of Simunye shaft as it comes to the end of life of mine, as well as
safety stoppages of the underground operations following two fatalities in October.
Modikwa PGMs production increased by 46% to 72,800 ounces (platinum production increased by 47% to 28,600
ounces and palladium production increased 48% to 27,400 ounces) due to significant improvements in mining and
safety performance.
Purchases of PGMs concentrate from third parties
Purchase of PGMs concentrate (POC) from third parties increased by 4% to 269,400 ounces (platinum and
palladium POC increased by 5% to 134,100 ounces and to 57,100 ounces respectively) as a result of the year-on-
year recovery from Covid-19.
Refined PGMs production
Refined PGMs production (from owned production, excluding tolling) increased by 107% to 1,391,300 ounces.
Refined platinum production increased by 120% to 653,500 ounces and refined palladium production rose by 105%
to 423,200 ounces. The strong performance reflected the operational stability in the ACP, following the completion of
the Phase A rebuild in November 2020, and strong performance across all processing assets. The build-up in work-
in-progress inventory following the temporary closure of the ACP has largely been processed and refined. The ACP
Phase B rebuild has been completed in January 2022 and recommissioning will commence in Q1 2022. Total refined
PGMs production (from own production, excluding tolling) for 2021 increased by 89% to a record 5,138,400 PGMs
ounces compared to 2020.
Toll refined PGMs production increased by 22% to 179,500 PGMs ounces.
PGMs sales volumes
PGMs sales volumes (excluding trading) increased by 70% to 1,285,200 ounces, because of higher refined
production, partially offset by the rebuild in refined metal inventory following strong demand and a draw down in the
first half of 2021. Platinum sales volumes increased by 103% to 632,900 ounces and palladium sales volumes
increased by 53% to 395,100 ounces.
PGMs sales volumes from trading decreased 26% to 272,800 ounces, as trading activity normalised. Sales from
trading activities were abnormally high in Q4 2020 to maintain the supply of metal to customers, following the impact
of Covid-19 on production and the temporary closure of the ACP.
The Q4 2021 average realised basket price of $2,434 per PGMs ounce reflects continued strong prices, despite
being down 3% on Q4 2020 and 14% down on Q3 2021 as prices for most PGMs softened over the last quarter.
2022 Guidance
Production guidance (metal in concentrate) for 2022 is 4.1-4.5 million ounces (1). Refined production guidance for
2022 is 4.2-4.6 million ounces, subject to the potential impact of Eskom load-shedding. Both are subject to the extent
of further Covid-19 related disruption. Unit cost guidance for 2022is expected to be between R13,800 – R14,500 per
PGMs ounce (equivalent to c.$900 per PGMs ounce).
(1)
Metal in concentrate production is expected to be 1.9–2.1 million ounces of platinum, 1.3-1.4 million ounces of palladium and 0.9–1.0 million ounces of other PGMs
and gold.
Anglo American Platinum Q4 2021 Q4 2021 FY 2021
PGMs Production Report - Q4 2021 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs
1 October 2021 - 31 December 2021 2021 2021 2021 2021 2020 Q4 2020 Q3 2021 2021 2020 FY 2020
Safety
Fatalities - own managed operations number 0 0 0 0 0 0 1 (100) %
Total recordable injury frequency rate /million hrs 2.55 2.26 2.91 2.68 2.25 13 % 13 % 2.60 2.40 8 %
Total M&C PGMs production 000 oz 1,103.4 1,116.2 1,057.9 1,021.2 1,076.1 3 % (1)% 4,298.7 3,808.9 13 %
Platinum 000 oz 511.2 519.1 488.3 468.0 497.8 3 % (2)% 1,986.6 1,762.6 13 %
Palladium 000 oz 345.2 342.6 334.4 330.5 338.4 2 % 1 % 1,352.7 1,222.1 11 %
Tonnes milled 000 7,217.1 7,111.7 7,169.5 6,707.0 6,736.4 7 % 1 % 28,205.4 24,851.4 13 %
4E Built-up head grade g/t 3.49 3.47 3.49 3.54 3.67 (5)% 1 % 3.50 3.56 (2) %
Own mined volume
Total mined production
Total M&C PGMs production 000 oz 734.3 720.0 709.3 694.7 716.8 2 % 2 % 2,858.3 2,548.9 12 %
Platinum 000 oz 332.4 328.6 323.0 312.3 324.7 2 % 1 % 1,296.3 1,150.6 13 %
Palladium 000 oz 258.6 249.8 253.2 254.3 256.0 1 % 4 % 1,015.9 929.1 9 %
Tonnes milled 000 7,217.2 7,111.7 7,169.5 6,707.0 6,736.3 7 % 1 % 28,205.4 24,851.5 13 %
4E Built-up head grade g/t 3.49 3.47 3.49 3.54 3.67 (5)% 1 % 3.50 3.56 (2) %
Own managed mines
Total M&C PGMs production 000 oz 634.6 606.3 601.5 594.4 617.8 3 % 5 % 2,436.8 2,209.4 10 %
Platinum 000 oz 287.7 277.6 274.5 267.5 279.6 3 % 4 % 1,107.3 998.2 11 %
Palladium 000 oz 229.1 215.9 221.7 224.4 227.9 1 % 6 % 891.1 829.6 7 %
Tonnes milled 000 6,390.7 6,192.2 6,262.6 5,894.6 5,928.8 8 % 3 % 24,740.1 22,091.6 12 %
4E Built-up head grade g/t 3.48 3.43 3.47 3.52 3.67 (5)% 1 % 3.47 3.54 (2) %
Mogalakwena mine
Total M&C PGMs production 000 oz 300.8 276.5 308.4 328.9 306.7 (2) % 9 % 1,214.6 1,181.6 3 %
Platinum 000 oz 126.2 116.9 131.0 138.0 129.5 (3) % 8 % 512.1 500.7 2 %
Palladium 000 oz 138.1 127.7 142.9 152.0 141.7 (3) % 8 % 560.7 545.3 3 %
Tonnes milled 000 3,532.5 3,441.1 3,676.7 3,553.0 3,367.2 5 % 3 % 14,203.3 13,531.2 5 %
4E Built-up head grade g/t 3.22 3.05 3.26 3.39 3.46 (7) % 6 % 3.23 3.32 (3)%
Amandelbult mine
Total M&C PGMs production 000 oz 213.6 218.3 185.3 156.0 185.5 15 % (2)% 773.2 608.1 27 %
Platinum 000 oz 107.7 109.5 94.4 79.9 93.4 15 % (2)% 391.5 307.0 28 %
Palladium 000 oz 49.9 51.6 42.9 35.6 44.0 13 % (3)% 180.0 143.2 26 %
Tonnes milled 000 1,639.3 1,587.3 1,455.1 1,243.1 1,365.0 20 % 3 % 5,924.9 4,515.9 31 %
4E Built-up head grade g/t 4.18 4.33 4.13 4.04 4.31 (3)% (4) % 4.18 4.26 (2) %
Unki mine
Total M&C PGMs production 000 oz 63.3 42.5 47.9 50.9 55.8 13 % 49 % 204.6 196.1 4 %
Platinum 000 oz 28.0 19.0 21.5 22.6 24.6 14 % 47 % 91.1 87.3 4 %
Palladium 000 oz 24.9 16.6 18.7 20.0 22.0 13 % 50 % 80.2 77.3 4 %
Tonnes milled 000 599.3 468.0 502.2 521.3 550.4 9 % 28 % 2,090.8 1,959.7 7 %
4E Built-up head grade g/t 3.59 3.52 3.45 3.52 3.62 (1) % 2 % 3.52 3.58 (2)%
Mototolo mine
Total M&C PGMs production 000 oz 56.9 69.0 59.9 58.6 69.8 (18) % (18) % 244.4 223.6 9 %
Platinum 000 oz 25.9 32.2 27.6 27.0 32.1 (19) % (20) % 112.7 103.2 9 %
Palladium 000 oz 16.2 20.0 17.2 16.8 20.2 (20) % (19) % 70.2 63.9 10 %
Tonnes milled 000 619.6 695.8 628.6 577.2 646.2 (4)% (11) % 2,521.1 2,084.8 21 %
4E Built-up head grade g/t 3.00 3.23 3.13 3.20 3.40 (12) % (7) % 3.14 3.34 (6) %
Joint operations mined production
Total M&C PGMs production 000 oz 99.7 113.7 107.8 100.3 99.0 1 % (12) % 421.5 339.5 24 %
Platinum 000 oz 44.7 51.0 48.5 44.8 45.1 (1)% (12) % 189.0 152.4 24 %
Palladium 000 oz 29.5 33.9 31.5 29.9 28.1 5 % (13) % 124.8 99.5 25 %
Tonnes milled 000 826.5 919.5 906.9 812.4 807.5 2 % (10) % 3,465.3 2,759.9 26 %
4E Built-up head grade g/t 3.62 3.68 3.64 3.70 3.67 (1)% (2) % 3.66 3.75 (2) %
Modikwa mine
Total M&C PGMs production 000 oz 36.4 39.8 34.3 35.9 24.9 46 % (9) % 146.4 107.4 36 %
Platinum 000 oz 14.4 15.6 13.5 14.0 9.8 47 % (8) % 57.5 42.1 36 %
Palladium 000 oz 13.8 15.0 12.9 13.5 9.3 48 % (8) % 55.2 40.4 37 %
Tonnes milled 000 293.5 310.7 285.7 287.5 204.4 44 % (6) % 1,177.4 831.0 42 %
4E Built-up head grade g/t 3.76 3.93 3.76 3.89 3.78 — % (4) % 3.84 3.95 (3)%
Kroondal mine
Total M&C PGMs production 000 oz 63.4 73.9 73.4 64.4 74.1 (14) % (14) % 275.1 232.1 19 %
Platinum 000 oz 30.3 35.4 35.0 30.8 35.3 (14) % (14) % 131.5 110.3 19 %
Palladium 000 oz 15.9 18.9 18.6 16.3 18.9 (16) % (16) % 69.7 59.1 18 %
Tonnes milled 000 532.9 608.9 621.2 524.9 603.2 (12) % (12) % 2,287.9 1,928.9 19 %
4E Built-up head grade g/t 3.54 3.56 3.59 3.60 3.63 (2)% —% 3.57 3.67 (3) %
Anglo American Platinum Q4 2021 Q4 2021 FY 2021
PGMs Production Report - Q4 2021 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs
1 October 2021 - 31 December 2021 2021 2021 2021 2021 2020 Q4 2020 Q3 2021 2021 2020 FY 2020
Purchase of concentrate
Total purchase of concentrate
PGMs production 000 oz 369.1 396.3 348.7 326.3 359.2 3 % (7) % 1,440.4 1,259.9 14 %
Platinum 000 oz 178.8 190.5 165.3 155.7 173.1 3 % (6) % 690.3 612.0 13 %
Palladium 000 oz 86.6 92.8 81.2 76.2 82.4 5 % (7) % 336.8 293.0 15 %
Joint operations purchase of
concentrate
PGMs production 000 oz 99.7 113.7 107.8 100.3 99.0 1 % (12) % 421.5 339.5 24 %
Platinum 000 oz 44.7 51.0 48.5 44.8 45.1 (1) % (12) % 189.0 152.4 24 %
Palladium 000 oz 29.5 33.9 31.5 29.9 28.1 5 % (13) % 124.8 99.5 25 %
Third party purchase of concentrate
PGMs production 000 oz 269.4 282.6 240.9 226.0 260.2 4 % (5) % 1,018.9 920.4 11 %
Platinum 000 oz 134.1 139.5 116.8 110.9 128.0 5 % (4) % 501.3 459.6 9 %
Palladium 000 oz 57.1 58.9 49.7 46.3 54.3 5 % (3) % 212.0 193.5 10 %
Refined PGMs production - owned
PGMs ounces 000 oz 1,391.3 1,420.4 1,353.7 973.0 673.1 107 % (2) % 5,138.4 2,713.0 89 %
Platinum 000 oz 653.5 662.8 625.8 457.8 296.4 120 % (1) % 2,399.9 1,201.1 100 %
Palladium 000 oz 423.2 459.8 427.5 317.0 206.8 105 % (8) % 1,627.5 905.4 80 %
Rhodium 000 oz 97.7 92.3 94.2 63.0 47.1 107 % 6 % 347.2 173.9 100 %
Minor PGMss and gold 000 oz 216.9 205.5 206.2 135.2 122.9 76 % 6 % 763.8 432.8 76 %
Base metal production - owned
Nickel tonnes 5,682.9 5,912.8 5,837.6 4,848.0 3,709.4 53 % (4) % 22,281.2 13,874.1 61 %
Copper tonnes 3,975.9 3,632.5 3,338.0 3,672.6 2,974.2 34 % 9 % 14,619.0 10,359.4 41 %
Chrome 000 t 189.5 284.6 225.3 188.4 229.1 (17) % (33) % 887.8 785.9 13 %
Toll refined production
Total 4E toll refined production 000 oz 179.5 164.6 153.8 175.9 146.5 23 % 9 % 673.8 503.5 34 %
Platinum 000 oz 106.8 98.3 92.5 105.7 89.2 20 % 9 % 403.3 301.9 34 %
Palladium 000 oz 55.2 50.9 46.4 53.4 46.3 19 % 9 % 205.9 152.2 35 %
PGMs Sales volume from production
PGMs ounces 000 oz 1,285.2 1,361.0 1,437.1 1,131.1 754.3 70 % (6) % 5,214.4 2,868.5 82 %
Platinum 000 oz 632.9 637.2 662.5 434.7 311.2 103 % (1) % 2,367.3 1,195.3 98 %
Palladium 000 oz 395.1 465.1 462.1 267.2 258.2 53 % (15) % 1,589.5 903.3 76 %
Trading sales volume4
PGMs ounces 000 oz 272.8 160.2 116.1 221.5 370.8 (26)% 70 % 770.6 1,171.0 (34) %
Platinum 000 oz 175.3 96.1 36.0 101.9 176.3 (1)% 82 % 409.4 427.5 (4)%
Palladium 000 oz 84.8 57.8 74.4 101.3 172.8 (51)% 47 % 318.3 679.7 (53)%
Realised prices and exchange rate
Platinum (US$/oz) 986 1,031 1,189 1,142 862 14 % (4) % 1,083 880 23 %
Palladium (US$/oz) 1,971 2,519 2,767 2,424 2,341 (16) % (22) % 2,439 2,214 10 %
Rhodium (US$/oz) 13,788 18,346 26,758 20,224 14,430 (4) % (25) % 19,613 10,628 85 %
Iridium (US$/oz) 3,792 4,889 5,966 4,465 1,751 116 % (22) % 4,765 1,579 202 %
Ruthenium (US$/oz) 530 652 519 292 246 115 % (19) % 433 243 78 %
Gold (US$/oz) 1,791 1,780 1,821 1,737 1,855 (3) % 1 % 1,788 1,754 2 %
Average FX achieved on sales ZAR/US$ 15.43 14.67 14.09 14.96 15.80 (2) % 5 % 14.71 16.34 (10) %
US$ basket price per PGMs ounce (US$/oz) 2,434 2,838 3,407 2,219 2,503 (3) % (14) % 2,761 2,035 36 %
ZAR basket price per PGMs ounce (ZAR/oz) 37,500 41,675 47,865 33,184 39,569 (5) % (10) % 40,511 33,320 22 %
US$ basket price per Platinum ounce (US$/oz) 4,943 6,062 7,390 5,774 6,067 (19) % (18) % 6,082 4,885 25 %
ZAR basket price per Platinum ounce (ZAR/oz) 76,152 89,011 103,837 86,348 95,917 (21) % (14) % 89,233 79,961 12 %
4
Trading sales volume - not produced by Anglo American Platinum operations.
Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
For further information, please contact:
Investors: Media:
Emma Chapman Nomonde Ndwalaza
(SA) +27 (0) 11 373 6239 (SA) +27 (0) 11 638 0228
emma.chapman@angloamerican.com nomonde.ndwalaza@angloamerican.com
Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American plc Group and is a leading primary producer of
platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting
and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine and
smelter in Zimbabwe. Anglo American Platinum has two joint operations with several historically disadvantaged South
African consortia as part of its commitment to the transformation of the mining industry. Anglo American Platinum is
committed to the highest standards of safety and continues to make a meaningful and sustainable difference in the
development of the communities around its operations.
www.angloamericanplatinum.com
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
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we use innovative practices and the latest technologies to discover new resources and to mine, process, move and
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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.
www.angloamerican.com
Date: 27-01-2022 09:00:00
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