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Anglo American agrees to acquire majority interest in Revuboè metallurgical coal project
in Mozambique
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
24 July 2012
Anglo American agrees to acquire majority interest in Revuboè metallurgical coal project
in Mozambique
Anglo American plc (“Anglo American”) announces it has agreed to acquire a 58.9% interest in
the Revuboè metallurgical coal project in Mozambique (“the Revuboè project”) from the Talbot
Estate for a total cash consideration of A$540 million (approximately US$555 million) (“the
Transaction”). The Revuboè project is a joint venture partnership and includes Nippon Steel
Corporation (33.3% interest), and POSCO (7.8% interest).
The Revuboè project has a reported JORC resource of 1.4 billion tonnes of hard coking and
thermal coal suitable for open cut mining, with the potential to support the export of six to nine
million tonnes per annum on a 100% basis.
Cynthia Carroll, Chief Executive of Anglo American, said: “The acquisition of a majority interest
in Revuboè is in line with our strategic commitment to grow our global metallurgical coal
business to supply our customers from each of the key metallurgical coal supply regions of
Australia, Canada and Mozambique. Revuboè is located in the most attractive area of
Mozambique’s Moatize coal basin and has a number of infrastructure development options.
We look forward to working with the Government of Mozambique and our joint venture partners
to progress this exciting prospect.”
The Transaction is subject to a number of conditions and is expected to be completed during
the third quarter of 2012.
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
Sponsor: UBS South Africa (Pty) Ltd
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