To view the PDF file, sign up for a MySharenet subscription.

ANGLO AMERICAN PLC - Anglo American agrees sale of its 70% interest in Amap iron ore mine

Release Date: 04/01/2013 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American agrees sale of its 70% interest in Amapá iron ore mine

Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820

Anglo American agrees sale of its 70% interest in Amapá iron ore mine

Anglo American plc (“Anglo American”) announces the sale of its 70% interest in the Amapá
iron ore operation in Brazil to Zamin Ferrous Ltd. (“Zamin”). The terms of the transaction are
confidential and the transaction is subject to state regulatory approval.

Anglo American has always maintained that it does not envisage holding its interest in Amapá
over the long term and, in July 2012, reported that it had transferred responsibility for Amapá to
its Other Mining and Industrial business unit and stated that it was exploring the possibility of
divesting its interest.

Anglo American has transformed the operational performance of Amapá since acquisition in
2008, increasing production from 1.2 Mt in 2008 to 4.8 Mt in 2011.

The transaction is expected to complete in 2013.

For further information, please contact:

Media                                                     Investors
UK                                                        UK
Emily Blyth                                               Caroline Crampton
Tel: +44 (0)20 7968 8481                                  Tel: +44 (0)20 7968 2192

                                                          Sarah McNally
                                                          Tel: +44 (0)20 7968 8747

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

Zamin Ferrous is a private international mining group that has been operating in Brazil since
2005 and owns three significant assets with a combined 1500 Mt potential resource in Brazil as
well as the 2500 Mt Valentines Project in Uruguay. Zamin owns the Zamapa iron ore
processing facility in Amapa state with a total of 200 employees, which will produce 1.5 Mt of
iron ore in 2013. It also owns 50% of the Susa iron project, which is located in the state of Rio
Grande Norte and the Greystone project, a large iron ore deposit in the south east of Bahia
State. Shipments from Susa and Zamapa began in 2011 and on-going exploration at Greystone
has proven a 284 Mt resource, with a potential resource of 700 Mt. Zamin sold its Bamin project
in the State of Bahia to ENRC for total compensation of $1 billion paid in 2008 and 2010.
Zamin has completed a definitive feasibility study for its 18 Mtpa Valentines project in Uruguay
with top international consultants SNC Lavalin and Ausenco Sandwell. It has submitted its
environmental impact statement to the Uruguayan regulatory authorities and expects to receive
its license to commence construction for the Project in late 2013. Valentines is targeting
production in early 2016. Zamin Ferrous aspires to be a leading natural resources company
and in so doing follows a strict policy of NO HARM to its employees, its host communities and
the environment. Zamin upholds a strong set of values and encourages its employees,
contractors, suppliers, customers, business partners and host communities in sharing the
responsibility for meeting its goals. www.zaminferrous.com

4 January 2013

Sponsor: UBS South Africa (Pty) Ltd

Date: 04/01/2013 09:00:00 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.

Share This Story