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Anglo American announces a 1.45 billion tonne Ore Reserve for Minas-Rio
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
15 February 2013
Anglo American announces a 1.45 billion tonne Ore Reserve for Minas-Rio
Anglo American announces a Probable Ore Reserve totalling 1.45 billion Run of Mine (ROM)
tonnes for the Serra do Sapo area of the Minas-Rio project in Brazil, equivalent to 685 Million
tonnes of saleable product at an average grade of 67.5% Fe (iron) content.
This sizeable conversion from Mineral Resource to Ore Reserve follows Anglo American’s
December 2011 declaration of a Mineral Resource totalling 5.77 billion tonnes for the entire
Minas-Rio project, representing a more than four-fold increase in resources since acquisition.
The 2011 and 2012 Mineral Resource Statements for the entire Minas-Rio project (Serra do
Sapo and Itapanhoacanga) are tabulated below, along with the 2012 Ore Reserve statement
for Serra do Sapo.
Anglo American will continue to upgrade the confidence in the Compact Itabirite Indicated
Mineral Resource through further drilling and will work to increase the Ore Reserves through
conversion of these resources. Execution of this project remains subject to the normal
regulatory processes of the Brazilian authorities.
Exclusive Mineral Resources 2012 2011 2012 2011
Friable Itabirite Mt Mt Fe % Fe %
Measured 181 586 33.21 35.65
Indicated 359 1498 36.28 38.93
Inferred* 286 240 38.26 38.00
Compact Itabirite Mt Mt Fe % Fe %
Measured 583 576 31.11 31.03
Indicated 2325 2350 31.22 31.22
Inferred* 534 521 31.47 31.27
Total* 4268 5771 32.22 33.94
2012 2012 2012 2012
Ore Reserves
(ROM) (Saleable) (ROM) (Saleable)
Friable Itabirite Mt Mt Fe % Fe %
Proved 0 0 0 0
Probable 1453 685 38.76 67.5
Total 1453 685 38.76 67.5
*While it would be reasonable to expect the majority of the Inferred Mineral Resource would
upgrade to Indicated Mineral Resource with continued exploration, due to the uncertainty of
Inferred Mineral Resources, it should not be assumed that such upgrading will always occur.
These resource and reserve estimates have been prepared in accordance with the
requirements set out in the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (the JORC Code) 2004 Edition and resources are reported on an
exclusive basis.
The 2012 Ore Reserve statement and summary Mineral Resource statement reproduced here
are valid as of 31 December 2012 and are detailed in the 2012 Annual Report of Anglo
American plc.
The statement that relates to Ore Reserves is based on information compiled by Mr Bruno
Pachione Sampaio Pelli, who is a member of the South African Institute of Mining and
Metallurgy. Mr Pelli is a full-time employee of Anglo American Iron Ore Brazil and has
experience which is relevant to the style of mineralisation under consideration and qualifies as
a competent person as defined in JORC 2004. Mr Pelli consents to the context and format of
this press statement.
The statement that relates to the Mineral Resources is based on information compiled by Dr
Fernando Rosa Guimarães, who is a member of the Australasian Institute of Mining and
Metallurgy. Dr Guimarães is a full-time employee of Anglo American Iron Ore Brazil and has
experience which is relevant to the style of mineralisation under consideration and qualifies as
a competent person as defined in JORC 2004. Dr Guimarães consents to the context and
format of this press statement.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Caroline Crampton
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
South Africa Sarah McNally
Pranill Ramchander Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592
Notes to editors:
Anglo American is one of the world’s largest mining companies, is headquartered in the UK and
listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining
businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal
coal; base metals – copper and nickel; and precious metals and minerals – in which it is a
global leader in both platinum and diamonds. Anglo American is committed to the highest
standards of safety and responsibility across all its businesses and geographies and to making
a sustainable difference in the development of the communities around its operations. The
company’s mining operations, extensive pipeline of growth projects and exploration activities
span southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com
Sponsor: UBS South Africa (Pty) Ltd
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