Anglo American Nickel production decreased by 8% Manganese ore down 11%

Nickel production decreased by 8% to 9,300 tonnes, primarily due to lower ore grades, as a result of licensing delays at the end of 2021, as well as the impact of heavy rainfall and unplanned maintenance at Codemin.

2022 Guidance

Production guidance for 2022 is unchanged at 40,000-42,000 tonnes, subject to the extent of further Covid-19 related disruptions.

2022 unit cost guidance is revised to c.495c/lb (previously c.450c/lb), reflecting the impact of the stronger Brazilian real and inflation.

MANGANESE

Manganese ore production decreased by 11% to 803,500 tonnes, primarily due to scheduled maintenance at the South African operations.

There was no manganese alloy production as the South African smelter has been on care and maintenance since the Covid-19 lockdown in 2020. The divestment of the Metalloys business expected to complete during 2022 will not proceed as certain commercial conditions were not satisfied.

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