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AGL - Anglo - Anglo American and Codelco agree to talks and suspension of legal

Release Date: 22/05/2012 15:26
Code(s): AGL
Wrap Text

AGL - Anglo - Anglo American and Codelco agree to talks and suspension of legal proceedings Anglo American plc ("the Company") Incorporated in the United Kingdom (Registration number: 3564138) Short name: Anglo Share code: AGL ISIN number: GB00B1XZS820 Anglo American and Codelco agree to talks and suspension of legal proceedings Anglo American announces that as part of the court`s conciliation proceeding in Chile, to which the judge of the 14th Civil Court of Santiago has summoned Anglo American and Codelco ("the parties") on 22 May, the parties have agreed to explore the possibility of negotiating an agreement in relation to Anglo American Sur. Should this prove successful, it will enable the parties to overcome their current legal dispute. To that end and in the interests of compliance with the conciliation proceeding to which they have been summoned, the parties have together requested the suspension of their legal proceedings at the 14th Civil Court of Santiago until Friday 22 June 2012. Cynthia Carroll, Chief Executive of Anglo American, said: "We welcome this opportunity to re-engage with Codelco and explore whether a solution may be achievable. From the outset, we have been consistently in favour of discussing a commercial solution that takes into account the interests of both parties." 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 South Africa Pranill Ramchander Nicholas Gordon Tel: +27 (0)11 638 2592 Tel: +27 (0) 11 638 3262 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 22 May 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 22/05/2012 15:26:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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