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ANGLO AMERICAN PLC - Anglo American and Finnish Minerals Group to explore battery value chain opportunities

2024/02/12 10:00:00

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                    Anglo American and Finnish Minerals Group to explore battery value chain opportunities

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

12 February 2024

Anglo American and Finnish Minerals Group to explore battery value chain opportunities

Anglo American and Finnish Minerals Group have signed a memorandum of understanding ('MOU') to
work together to explore opportunities to further support Finland's battery strategy. Finnish Minerals
Group is a holding and development company that manages the Finnish Government's mining industry
shareholdings and supports the development of the Finnish battery value chain.

Alison Atkinson, Projects & Development Director at Anglo American, said: 'Finland is a highly attractive
investment destination and has a strong heritage in both mining and innovation. We look forward to
working with Finnish Minerals Group, whose mission is to responsibly maximise the value of Finnish
minerals, to explore the wealth of opportunities that our agreement could offer.

'This agreement further strengthens our commitment to Finland as well as to our Sakatti project, a true
polymetallic orebody very much aligned to Finland's and the EU's critical minerals priorities. Sakatti is
designed as the next generation of FutureSmart Mining, building on what we have learned in terms of
minimal surface footprint and using technology and innovation to deliver ever better environmental and
social outcomes, whilst producing essential raw materials needed to transition to a greener, low carbon
energy future.'

Finland provides a stable and secure source of many of the metals and minerals needed for the world to
decarbonise. With an increasing number of countries prioritising sustainable access to responsibly
sourced critical raw materials, Finland is well positioned in terms of its natural resources and the country's
investment across the entire battery value chain, from mineral extraction to recycling.

Jani Kiuru, Senior Vice President, Raw Materials at Finnish Minerals Group, said: 'Exploring joint
opportunities with Anglo American is a natural choice for us as they already know the Finnish operational
environment. In addition, the company has a long history in mining and is a forerunner in sustainability.
We believe this collaboration reinforces both parties by combining local and global know-how in
sustainability and technological development, thus maximizing the value of Finnish minerals responsibly.
We see there is a mutual understanding on the vast possibilities and importance of Finnish minerals for
the green transition.'

As a Finnish state-owned company with a mandate to foster the Finnish mining and battery industry,
Finnish Minerals Group is a natural potential partner for Anglo American in Finland. The company's main
assets are: Terrafame, a subsidiary that produces nickel and cobalt sulphates; project Sokli, a phosphate
and rare earths deposit; and a 20% interest in Keliber, a battery-grade lithium project aiming to start
production in 2025. Additionally, Finnish Minerals Group is advancing several greenfield investments
further downstream in the battery value chain.

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                                Michelle Jarman
 Rebecca.meeson-frizelle@angloamerican.com              michelle.jarman@angloamerican.com
 Tel: + 44 (0)20 7968 1374                              Tel: +44 (0)20 7968 1494

 South Africa
 Nevashnee Naicker
 nevashnee.naicker@angloamerican.com
 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)

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

In this document, references to 'Anglo American', the 'Anglo American Group', the 'Group', 'we', 'us', and 'our'
are to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally, or where it
is not necessary to refer to a particular entity, entities or persons. The use of those generic terms herein is for
convenience only, and is in no way indicative of how the Anglo American Group or any entity within it is structured,
managed or controlled. Anglo American subsidiaries, and their management, are responsible for their own day-to-
day operations, including but not limited to securing and maintaining all relevant licences and permits, operational
adaptation and implementation of Group policies, management, training and any applicable local grievance
mechanisms. Anglo American produces group-wide policies and procedures to ensure best uniform practices and
standardisation across the Anglo American Group but is not responsible for the day to day implementation of such
policies. Such policies and procedures constitute prescribed minimum standards only. Group operating subsidiaries
are responsible for adapting those policies and procedures to reflect local conditions where appropriate, and for
implementation, oversight and monitoring within their specific businesses.

Disclaimer
This document is for information purposes only and does not constitute, nor is to be construed as, an offer to sell or
the recommendation, solicitation, inducement or offer to buy, subscribe for or sell shares in Anglo American or any
other securities by Anglo American or any other party. Further, it should not be treated as giving investment, legal,
accounting, regulatory, taxation or other advice and has no regard to the specific investment or other objectives,
financial situation or particular needs of any recipient.

Forward-looking statements and third party information
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,
prospects and projects (including development plans and objectives relating to Anglo American's products,
production forecasts and Ore Reserve and Mineral Resource positions) and sustainability performance related
(including environmental, social and governance) goals, ambitions, targets, visions, milestones 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, unanticipated downturns in business relationships with customers or their
purchases from Anglo American, mineral resource exploration and project development capabilities and delivery,
recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global
pandemics and outbreaks of infectious diseases, the impact of attacks from third parties on our information systems,
natural catastrophes or adverse geological conditions, climate change and extreme weather events, the outcome of
litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to obtain key
inputs in a timely manner, the ability to produce and transport products profitably, the availability of necessary
infrastructure (including transportation) services, the development, efficacy and adoption of new or competing
technology, challenges in realising resource estimates or discovering new economic mineralisation, the impact of
foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, liquidity
and counterparty risks, the effects of inflation, terrorism, war, conflict, political or civil unrest, uncertainty, tensions
and disputes and economic and financial conditions around the world, evolving societal and stakeholder
requirements and expectations, shortages of skilled employees, unexpected difficulties relating to acquisitions or
divestitures, competitive pressures and 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
included in this document is sourced from third party sources (including, but not limited to, externally conducted
studies and trials). 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.


Date: 12-02-2024 10:00:00
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