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ANGLO AMERICAN PLC - Anglo American makes significant progress towards GISTM conformance

Release Date: 04/08/2023 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American makes significant progress towards GISTM conformance

Anglo American plc (the "Company")
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

4 August 2023

Anglo American makes significant progress towards GISTM conformance

Anglo American plc ("Anglo American") has set out its significant progress towards bringing its 12 tailings
storage facilities (TSFs) that are currently within the two highest potential consequence categories into
conformance with the Global Industry Standard on Tailings Management (GISTM).

The GISTM is the first global standard on tailings facility management and sets a purposely high bar for
the mining industry to attain – integrating social, environmental, local economic and technical
considerations for every facility, towards the goal of zero harm to people and the environment.

Duncan Wanblad, Chief Executive of Anglo American, said: "We have made very significant progress
towards conformance with the GISTM over the last three years, building upon our already high technical
standards. We continue our prudent approach to align with a number of specific GISTM requirements, as
well as the social and community aspects that are already encompassed in our comprehensive Social Way
management system. We are addressing the few outstanding areas and have set out the work needed to
get us there.

"As an industry, we have a clear ethical imperative to do everything possible to ensure that TSFs are
managed to the highest standards as we work together to build greater levels of trust with all our
stakeholders. GISTM's role in driving continuous improvement across the industry with full transparency
is beyond doubt."


The full reports on each of the 12 TSFs can be found on Anglo American's website at
https://www.angloamerican.com/esg-policies-and-data/tailings-summary/our-approach-to-gistm

Anglo American played an active role in the multi-stakeholder process of developing the GISTM, which
comprises six topic areas, 15 principles and 77 auditable requirements for each facility, and covers
standards and practices over the entire lifecycle of a facility.

The few remaining requirements with which Anglo American is in partial conformance largely relate to
the necessary sequencing of work and the need to carry out certain additional studies required by the
GISTM to further strengthen our understanding of the holistic environmental effects of TSFs over their
full lifecycle. Anglo American also continues to enhance the safety and resilience of its facilities through
the application of evolving best practice in relation to outcome-based principles in risk assessments.

Anglo American is continuing to work towards conformance in respect of its TSFs that are within the other
three lower consequence categories by August 2025, in line with the commitment made by all ICMM
member companies.

Anglo American is confident in the integrity of its TSFs, which comply with regulatory requirements in the
countries where they are located.

For further information, please contact:

 Media                                                       Investors

 UK                                                          UK
 James Wyatt-Tilby                                           Paul Galloway
 james.wyatt-tilby@angloamerican.com                         paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                                    Tel: +44 (0)20 7968 8718

 Marcelo Esquivel                                            Emma Waterworth
 marcelo.esquivel@angloamerican.com                          emma.waterworth@angloamerican.com
 Tel: +44 (0)20 7968 8891                                    Tel: +44 (0) 20 7968 8574

 Rebecca Meeson–Frizelle                                     Juliet Newth
 rebecca.meeson-frizelle@angloamerican.com                   Juliet.newth@angloamerican.com
 Tel: + 44 (0)20 7968 1374                                   Tel: +44 (0)20 7968 8830

 South Africa                                                Michelle Jarman
 Nevashnee Naicker                                           michelle.jarman@angloamerican.com
 nevashnee.naicker@angloamerican.com                         Tel: +44 (0)20 7968 1494
 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
 Tel: +27 (0)11 638 2175


The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43


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 copper, nickel, platinum group metals, diamonds (through De Beers), and
premium quality iron ore and steelmaking coal – 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.

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 04-08-2023 09:00:00
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