Anglo American plc ("Anglo American") announces that its new Aquila mine has achieved its first longwall shear of steelmaking metallurgical coal on schedule and on budget, marking the project's final stages of construction and commissioning.

The Aquila mine, located near Middlemount in Central Queensland in Australia, extends the life of Anglo American's existing Capcoal underground operations by seven years, after the company's nearby Grasstree mine reached its end of life in recent weeks.

Themba Mkhwanazi, CEO of Bulk Commodities, said: "We have delivered the Aquila project on time and within our budgeted attributable cost of $226 million. This new mine will have a total average annual saleable production of around five million tonnes of premium quality hard coking coal and benefits from low capital intensity as we are using the existing infrastructure and systems from our adjacent operations. Aquila offers us highly attractive returns and margins at conservative long term consensus prices."

Tyler Mitchelson, CEO of Anglo American's Metallurgical Coal business, said: "Safely starting up longwall mining at Aquila Mine on our original schedule, despite the effects of the pandemic, is an important milestone for our Metallurgical Coal business and will support our ongoing contribution to both the Middlemount community, and Queensland's economy. The mine uses our existing infrastructure at our Capcoal complex and supports around 600 ongoing operational roles for our Queensland-based workforce, including providing continuity of employment for our Grasstree mining team."

The Aquila Mine has been developed as one of Australia's most technologically advanced underground mines, leveraging Anglo American's advancements in underground automation technology, remote operations and data analytics.  The mine features two longwalls, allowing operations to continue without the downtime that is usually required for longwall moves. Both longwalls are fully remote-capable and will be sequentially operated from a site-based remote operations centre on the surface of the mine.

Anglo American's Capcoal complex comprises Capcoal Open Cut Mine, Grasstree Mine, Aquila Mine, the Coal Handling and Preparation Plant and associated infrastructure. Aquila is owned 70% by Anglo American and 30% by Mitsui & Co. Ltd.

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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 metallurgical coal for steelmaking, 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.

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Forward-looking statements:

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