Anglo American : invests in Sanergy organic waste upcycling

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28 June, 2022

Anglo American invests in Sanergy, a pioneering organic waste upcycling business

Anglo American has agreed to lead the latest investment round of Sanergy Inc, an organic waste upcycling business with operations in Kenya. Sanergy's innovative solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into high value agriculture and energy products - such as insect-based protein for animal feed, organic fertiliser for regenerative farming and biomass fuel for sustainable, localised power sources.

Sanergy's zero-waste approach, founded on the principles of circularity, contributes to protecting human health and reducing environmental emissions, promoting sustainable agriculture, and creating local and sustainable jobs along the value chain. In 2011, Sanergy launched its pilot plant in Nairobi, Kenya, now one of the largest organics recycling facilities in Sub-Saharan Africa, operating at an industrial scale since 2021 while a second facility is expected to begin construction soon. Sanergy's technology - enabling the provision of affordable yet high-quality sanitation services in non-sewered communities - is well placed to help solve some of the challenges associated with rising urbanisation and population growth, including improving overall public hygiene, reducing waste-to-landfill and its associated emissions, and increasing food supply and agricultural productivity.

Peter Whitcutt, CEO of Anglo American's Marketing business, said: "Our Sustainable Mining Plan commits us to creating a healthy environment and building thriving communities wherever we work. Sanergy's pioneering sanitation solutions and waste treatment technology have the potential to directly support our goals of protecting health and wellbeing, and being a catalyst for creating sustainable livelihoods. With this investment, we aim to extend our approach more broadly in our host countries to help tackle some of the most pressing human challenges."

Anglo American plans to support Sanergy in its expansion plans in Kenya and more broadly across a number of southern African and other countries where Anglo American operates. Part of Anglo American's investment will be used to validate Sanergy's waste capture and conversion process with respect to emissions reduction potential and to facilitate access to the international carbon markets. This could unlock an additional revenue stream for Sanergy to fund future growth and expansion activities and in turn provide Anglo American with access to high-quality carbon credits.

Peter Whitcutt added: "Together, we believe we can develop new solutions that also support our own decarbonisation objectives - including being carbon neutral across our operations by 2040 - as well as those of our customers. There is growing consensus on the role carbon markets can play in driving positive behaviours around emissions reduction as part of integrated climate mitigation strategies. Sanergy is an example of how carbon markets can be a component for change, mobilising capital for projects and activities that capture and remove emissions while providing wider societal benefits".

Sanergy CEO, Ani Vallabhaneni, said: "This investment takes us into pioneering territory as we look to expand across Africa and into South America and Asia, all the while in service of ever-growing urban populations, as well as farmers and local agriculture. We are delighted that Anglo American is joining us on this journey and expect its expertise in so many of our potential markets will help us accelerate our business and the good that we can do."

For further information, please contact:

Media	Investors
UK	UK
James Wyatt-Tilby	Paul Galloway
Email: [e-mail]	Email: [e-mail]
Tel: [phone]	Tel: [phone]
Marcelo Esquivel	Emma Waterworth
Email: [e-mail]	Email: [e-mail]
Tel: [phone]	Tel: [phone]
Katie Ryall	Michelle Jarman
Email: [e-mail]	Email: [e-mail]
Tel: [phone]	Tel: [phone]
South Africa
Nevashnee Naicker
Email: [e-mail]
Tel: [phone]
Sibusiso Tshabalala
Email: [e-mail]
Tel: [phone]

Notes to editors:

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 that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust 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

Forward-looking statements:

This document includes forward-looking statements. All statements other than statements of historical facts included in this document, 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 Ore Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations, 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, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport 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 courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets 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 document. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, 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.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. Certain statistical and other information about Anglo American included in this document is sourced from publicly available third party sources. As such it has not been independently verified and presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information.

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