Shareholders are advised that headline earnings and headline earnings per share ('HEPS') for the period are likely to increase by between 49% and 69% compared to the twelve months ended
Basic earnings and earnings per share ('EPS') for the period are likely to increase by between 50% and 70% compared to the prior period. Basic earnings are likely to be between R27.8 billion and R31.4 billion (R18.5 billion in 2019) and EPS is expected to be between
The expected increase in headline earnings and basic earnings is primarily driven by a 71% increase in the rand basket price and partially offset by the impact of Covid-19 on M&C production, as well as the temporary closure of the Anglo Converter Plant (ACP) during the year, which resulted in lower refined production and sales from own production. The build-up in work-in-progress inventory will be released over the next 24 months. The ACP Phase A rebuild was completed on
The financial information on which this trading statement is based has been reviewed, but not yet reported on, by the Company's external auditors.
Contact:
Tel: +27 (0) 11 373 6239
Email: emma.chapman@angloamerican.com
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 mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast 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 - safely, responsibly and sustainably.
As a responsible miner of diamonds (through De Beers), copper, platinum group metals, iron ore, coal, nickel and manganese - we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people's lives.
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