PROJECT

Projects

Summary of Investment Information

Project Number

43403

Company Name

ANGLO AMERICAN CAPITAL PLC

Date SPI Disclosed

Apr 27, 2022

Country

South Africa

Region

Africa

Projected Board Date

May 27, 2022

Environmental Category

B - Limited

Status

Completed

Last Updated Date

May 31, 2025

Department

Infra-WBG Dir. Minerals & Metals

Industry

Metals and Mining

Previous Events

Approved : May 27, 2022
Signed : Jun 8, 2022
Invested : Jun 17, 2022

Sector

Iron (Pellets, etc.)

Project Description

 The proposed IFC investment will be a sustainability-linked loan (“SLL”) of up to US$100 million to Anglo American Capital plc (the “Borrower”), a wholly owned financing vehicle of Anglo American plc (“Anglo American”). IFC’s loan will support the Anglo American group’s education and livelihood activities aimed at delivering the education and livelihood goals under its Sustainable Mining Plan (“SMP”) in South Africa or, with the prior consent of IFC, any other jurisdiction. The Anglo American SMP, launched in 2018, sets forth a series of ambitious stretch targets and ambitions for 2025 and 2030 across the mining value chain, which are aligned with the UN Sustainable Development Goals (“SDGs”). This will be Anglo American’s first SLL and the first in South Africa’s mining sector supporting education and community development.

 

Anglo American (https://www.angloamerican.com/) is a UK head-quartered global diversified mining company with exploration, mining, and processing operations in 15 countries. The Anglo American group provides many of the essential metals and minerals that are fundamental to the transition to a low carbon economy.                             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation