anglo american plc expects costs to increase further in 2022 and reaffirmed its fullyear guidance for 2021 the ftse 100 mining company said friday that it expects unit costs to increase by 4 next year after rising 10 on a currencyneutral basis in 2021 due to inflation and production slowdowns in addition anglo american anticipated a production increase of 7 for 2021 on the back of strong platinum group metals performance and higher demand for rough diamonds as for capital expenditure the group forecast it will increase to 62 billion67 billion next year from 52 billion in 2021 when covid19 delays and supplychain disruptions slowed some projects anglo american is a resilient and agile business that is set to deliver 35 growth over the next decade at an attractive 50 margin we are also increasing our nearterm performance improvement target to 35 billion45 billion by 2023 as we accelerate the delivery of our p101 and technology programs while also bringing growth projects onstream chief executive mark cutifani added