Optimising Costs from a Stable Base

MINAS-RIO OPERATIONAL PERFORMANCE FOB Unit Cost 5 ($/tonne) AngloAmerican 2019 cost guidance -20% Cost drivers Mining 0808 0000 28-31 24-27 ~24 Processing Original Previous Revised 30 ~24 -26 -21 2017 2019F 2020F Long-term potential 000000 000000 Pipeline & port loading 0000 = c.5% cost base 9

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