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    AMS   ZAE000013181

ANGLO AMERICAN PLATINUM LIMITED

(AMS)
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Anglo American Platinum Limited : Production Report for the first quarter ended 31 March 2021

04/23/2021 | 10:36am EDT

Natascha Viljoen, CEO of Anglo American Platinum, said: 'We have had a strong production and refined production performance this quarter, despite the ongoing implications of Covid-19.

Although we had no work-related fatalities in the quarter, we are disappointed with the increase in injuries and plans are in place to continue safety improvements and ensure a sustained turnaround.

Total PGMs production increased by 7%, largely due to a 17% increase in production from Mogalakwena, and despite continuing implications from Covid-19 which led to a longer return-to-work process particularly at Amandelbult and Mototolo. We saw a strong recovery in our refined production, which increased by 59% compared to Q1 2020, as processing operations were back at normal operating capacity following the completion of the ACP rebuild in November 2020. Since then, the ACP has been performing ahead of expectations, and able to smelt more tonnes from Polokwane smelter. Refined production, however, was affected by the planned maintenance at the Base Metals Refinery. Sales volumes were strong in Q1, increasing 66% as refined production was supplemented by the drawdown of minor metals from refined inventory, following robust demand for these metals.'

Contact:

Jana Marais

Tel: +27 (0)79 932 1586

Email: jana.marais@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 in Zimbabwe. Anglo American Platinum has a number of joint ventures 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.

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, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers - and to discover new resources - safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment - we are committed to being carbon neutral across our operations by 2040. We work together with our business partners and diverse stakeholders to unlock sustainable 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.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 242 B 16 997 M 16 997 M
Net income 2021 84 026 M 5 892 M 5 892 M
Net cash 2021 65 257 M 4 576 M 4 576 M
P/E ratio 2021 4,81x
Yield 2021 12,6%
Capitalization 401 B 27 932 M 28 123 M
EV / Sales 2021 1,39x
EV / Sales 2022 1,39x
Nbr of Employees 22 601
Free-Float 21,0%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 1 529,52 ZAR
Average target price 2 065,10 ZAR
Spread / Average Target 35,0%
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Managers and Directors
NameTitle
Natascha Viljoen Chief Executive Officer & Executive Director
Craig Miller Finance Director & Executive Director
Norman Bloe Mbazima Non-Executive Chairman
Chris Mccleave Executive Head-Technical
John Meadway Vice Independent Non-Executive Director
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