ANGLO AMERICAN PLC - Anglo American equalises ownership at integrated Moranbah-Grosvenor operation

Anglo American equalises ownership at integrated Moranbah-Grosvenor operation

Anglo American plc (the “Company”)
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

27 November 2019

Anglo American equalises ownership at integrated Moranbah-Grosvenor operation

Anglo American plc (“Anglo American”) announces the equalisation of ownership across its
integrated metallurgical coal operations at Moranbah North and Grosvenor, in Queensland,
Australia.

The long-established Moranbah North mine and processing operation is 88% owned by Anglo
American, with 12% owned by a consortium of Japanese companies (1). The more recently
commissioned and neighbouring Grosvenor mine was developed, and is wholly owned, by Anglo
American and came onstream in 2016. The Grosvenor mine uses Moranbah North’s coal
processing infrastructure, where numerous debottlenecking, expansion and product blending
options offer considerable cost, productivity and margin benefits for the integrated operation.

Anglo American has therefore sought to replicate the ownership structure of Moranbah North at
Grosvenor, through the agreed sale of a 12% interest in the Grosvenor mine to the same
consortium partners, in order to align the interests of all of the owners and to facilitate the delivery
of the value creation opportunities set out above. Under the terms of the agreement, which is
subject to a number of conditions prior to completion, Anglo American will receive cash proceeds
of approximately US$141 million in respect of the 12% minority interest in the Grosvenor mine.

Seamus French, CEO of Bulk Commodities at Anglo American, said: “The alignment of
ownership interests across the Moranbah-Grosvenor operation is an important step forward as
we unlock the considerable additional value that we see. Our ability to expand the plant,
debottleneck various processes, and have the flexibility to blend our naturally high quality
products more effectively, all support the long term competitiveness of what is already a world-
class asset. I am pleased to be building on the successful relationships with our joint venture
partners in delivering Moranbah-Grosvenor’s full potential for the benefit of all our stakeholders.”

Notes
1 Nippon Steel Corporation, Mitsui & Co., Ltd, Nippon Steel Trading Corporation, Shinsho Corporation, JFE Mineral
Co., Ltd

The Company has a primary listing on the Main Market of the London Stock Exchange and
secondary listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the
Namibia Stock Exchange and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

 Media                                                 Investors

 UK                                                    UK
 James Wyatt-Tilby                                     Paul Galloway
 james.wyatt-tilby@angloamerican.com                   paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                              Tel: +44 (0)20 7968 8718

 Marcelo Esquivel                                      Robert Greenberg
 marcelo.esquivel@angloamerican.com                    robert.greenberg@angloamerican.com
 Tel: +44 (0)20 7968 8891                              Tel: +44 (0)20 7968 2124

 Katie Ryall                                           Emma Waterworth
 katie.ryall@angloamerican.com                         emma.waterworth@angloamerican.com
 Tel: +44 (0)20 7968 8935                              Tel: +44 (0)20 7968 8574

 South Africa
 Pranill Ramchander
 pranill.ramchander@angloamerican.com
 Tel: +27 (0)11 638 2592

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
 Tel: +27 (0)11 638 2175

 Australia
 Lisa Clifford
 lisa.clifford@angloamerican.com
 Tel: +61 73 834 1285


Notes to editors:

Anglo American is a leading global mining company and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the metals and minerals that enable a cleaner,
more electrified world and that meet the fast growing consumer-driven demands of the world’s
developed and maturing economies. With our people at the heart of our business, we use
innovative practices and the latest technologies to discover new resources and mine, process,
move and market our products to our customers around the world – safely, responsibly and
sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron
ore, coal and nickel – we are the custodians of what are precious natural resources. We work
together with our business partners and diverse stakeholders to unlock the sustainable value that
those resources represent for our shareholders, the communities and countries in which we
operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s
lives.
www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 27-11-2019 09:00:00
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