Bulks Seminar & Site Visit

MINAS-RIO OPERATIONAL PERFORMANCE FOB Unit Cost5 ($/tonne) AngloAmerican 2019 cost guidance Cost drivers Mining -20% 0806 0000 28-31 24-27 ~24 Original Previous Revised 30 -26 ~24 -21 2017 2019F 2020F Long-term potential Processing 0000 000000 000000 Pipeline & port loading 0800 0000 = c.5% cost base 9

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