Name of the Project
Sishen ultrahigh dense-media separation (UHDMS) project.

Location
Northern Cape, South Africa.

Project Owner/s
Anglo American subsidiary Kumba Iron Ore.

Project Description
The Kumba board has approved the project, which will maximise product quality and extend Sishen’s life-of-mine (LoM) to 2039. UHDMS is a specialised technology that has been locally developed. The project makes it possible for Kumba to increase the densities in the Sishen plant and in the dense-media separation plant by a difference of between 3.6 and 4.2.

This will enable Kumba to improve beneficiation so that it can upgrade its premium product offering from about eight-million tonnes to 20-million tonnes.

Further, because the company can lower the cutoff grade, it can bring about 130-million tonnes of reserves into its portfolio, which extends the LoM.

Potential Job Creation
From a mine the size of Sishen, 53% of the population of the area is either directly or indirectly employed by the mine.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax internal rate of return of about 30%, with a payback period of about three years.

Capital Expenditure
R3.6-billion.

Planned Start/End Date
The project was approved in February 2021 and is expected to be commissioned in the second half of 2023.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Kumba Iron Ore media relations, Penny Himlok, tel +27 12 622 8324 or email Penny.himlok@angloamerican.com.
Kumba Iron Ore investor relations, Sinah Phochana, tel +27 12 683 7019 or email Sinah.Phochana@angloamerican.com.