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ANGLO AMERICAN PLC - Interim Management Statement for the first quarter ended 31 March 2013

Release Date: 19/04/2013 08:18
Code(s): AGL     PDF:  
Wrap Text
Interim Management Statement for the first quarter ended 31 March 2013

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

19 April 2013

Anglo American plc
Interim Management Statement for the first quarter ended 31 March 2013

Overview

* Kumba Iron Ore production increased by 2% to 10.3 Mt, reflecting higher production at
    Kolomela

* Metallurgical Coal achieved record first quarter export metallurgical coal production,
    which increased by 23% to 4.6 Mt, as productivity improvements more than offset
    the impact of excessive rainfall

* Export thermal coal production from South Africa increased by 6% to 3.9 Mt. Cerrejón
    production decreased by 49% to 1.5 Mt owing to the strike during the quarter

* Copper production(1) increased by 1% to 170,400 tonnes, with increased production at
    Los Bronces offset by lower production at Collahuasi due to a planned shutdown

* Nickel production(2) decreased by 48% to 6,200 tonnes owing to the permanent
     cessation of production and mining activities at Loma de Níquel at the end of 2012
     and stoppages at Barro Alto

* Platinum equivalent refined production decreased by 2% to 583,000 ounces following
     intermittent strike action

* Diamond production increased by 3% to 6.4 million carats due to favourable ore grade,
     offset by lower production from Orapa due to maintenance

*      Phosphates production increased by 15% to 284,400 tonnes driven by a significant
      increase in productivity



This Interim Management Statement for the first quarter ended 31 March 2013 is
unaudited. Interim Results for the six months to 30 June 2013 will be announced on 26
July 2013.

This report forms Anglo American plc’s Interim Management Statement for the purpose
of the UK Listing Authority’s Disclosure and Transparency Rules.
(1)    Copper production from the Copper business unit
(2)    Nickel production from the Nickel business unit
IRON ORE AND MANGANESE

                                                                  Q1 2013                 Q1 2013
                                          Q1           Q1                      Q4
 Iron Ore and Manganese                                             vs.                     vs.
                                         2013         2012                    2012
                                                                  Q1 2012                 Q4 2012

 Iron ore                       000 t     10,335       10,106          2%       9,013         15%
 Manganese ore                  000 t        803         816          (2)%        847         (5)%
 Manganese alloys               000 t         57           55          4%            61       (6)%


Iron Ore – Production from Kumba Iron Ore increased by 2% to 10.3 Mt due to a strong
performance at Kolomela. Output increased by 15% compared to the previous quarter as
production rates at Sishen continued to recover following the unprotected strike in the fourth
quarter of 2012, in addition to higher output from Kolomela. Kolomela, which is on track to
produce at annual design capacity of 9 Mt in 2013, produced 2.7 Mt for the quarter, an increase
of 77%.

Export sales volumes for the quarter decreased by 2% to 9.9 Mt, as a result of lower stockpiles
due to the unprotected strike in the fourth quarter of 2012. Finished product stockpile levels
amounted to 3.3 Mt, a decrease of 15% compared to Q1 2012.

The Minas-Rio iron ore project in Brazil continued to progress in line with the target of achieving
first ore on ship by the end of 2014. During the quarter, two further authorisations were obtained
relating to the archaeological survey at the tailings dam and the works necessary for the
commencement of pre-stripping at the mine site. Activities at the beneficiation plant, pipeline,
filtration plant and port continued as planned.

Manganese ore – Production decreased by 2% to 0.8 Mt, whilst marginally lower than the prior
year the quarter benefited from an improvement in plant availability at GEMCO in Australia.

Manganese alloy – Production increased by 4% to 57,300 tonnes due to higher production from
South Africa.

METALLURGICAL COAL

                                                                  Q1 2013                 Q1 2013
                                          Q1          Q1                       Q4
 Metallurgical Coal                                                 vs.                     vs.
                                         2013        2012                     2012
                                                                  Q1 2012                 Q4 2012

 Metallurgical – Export         000 t      4,615        3,743         23%       4,580          1%
 Thermal – Export               000 t      1,494         983          52%       1,690        (12)%
 Thermal – Domestic             000 t      1,073        1,588        (32)%      2,025        (47)%


Metallurgical Coal – Metallurgical Coal achieved record first quarter production of 7.2 Mt due to
record export metallurgical coal production which increased by 23% to 4.6 Mt. Moranbah,
Foxleigh and Peace River Coal achieved record production through productivity improvements.
This was partially offset by excessive rainfall causing flooding throughout the quarter which had a
significant impact on production and waste removal at the Australian open cut operations,
Dawson and Callide operations were the worst affected, as rain also caused the 43 day closure
of the Moura rail line, affecting shipments from the Port of Gladstone. The floods and rail closure
are expected to put pressure on production and unit costs for the remainder of the year.

Export thermal coal production increased by 52% driven by a number of productivity
improvements at the Drayton operation in New South Wales, Australia.
The greenfield Grosvenor metallurgical coal project in Queensland, Australia continues to
progress, with all permits and licences in place. Construction has commenced on site, with the
access road complete and bulk earthworks under way. Longwall production is expected to be
achieved in 2016.

THERMAL COAL

                                                               Q1 2013                  Q1 2013
                                          Q1          Q1                      Q4
 Thermal Coal                                                    vs.                      vs.
                                         2013        2012                    2012
                                                               Q1 2012                  Q4 2012

South Africa
Thermal - Export                 000 t     3,909       3,694         6%        4,659       (16)%
Thermal - Domestic (Eskom)       000 t     8,130       7,763         5%        8,561        (5)%
Thermal - Domestic (non-Eskom)   000 t     1,519       1,533        (1)%       1,595        (5)%
Colombia
Thermal – Export                 000 t     1,512       2,953       (49)%       2,662       (43)%


Thermal Coal – Export thermal coal production in South Africa increased by 6% to 3.9 Mt due to
higher production at Zibulo after a reconfiguration of the wash plant to produce additional higher
margin export coal, as well as improved machine availability at Mafube.

Domestic thermal coal production increased by 4% to 9.6 Mt, owing to improved longwall
production at New Denmark.

Cerrejón’s production decreased by 49%, largely due to a 32 day strike in February and March
that preceded a successful resolution of a new three year wage agreement.

COPPER

                                                               Q1 2013                  Q1 2013
                                          Q1          Q1                      Q4
 Copper                                                          vs.                      vs.
                                         2013        2012                    2012
                                                               Q1 2012                  Q4 2012

 Copper                            t     170,400     168,400         1%       172,900        (1)%


Copper – Copper production increased by 1% to 170,400 tonnes. Production from Los Bronces
increased by 5% to 98,300 tonnes, with higher throughput at both plants offset by expected lower
ore grades. This higher throughput also resulted in a 3% production increase compared to Q4
2012.

Collahuasi’s production decreased by 13%, owing to lower grades and the commencement of a
45 day planned shutdown of SAG Mill 3 on 21 March. During the quarter, SAG Mill 3 operated at
reduced capacity ahead of the planned shutdown. This mill is responsible for approximately 70%
of plant throughput at Collahuasi.

Production at El Soldado increased by 16%, as a result of expected higher grades and improved
recoveries.
NICKEL

                                                                  Q1 2013                 Q1 2013
                                           Q1          Q1                      Q4
 Nickel                                                             vs.                     vs.
                                          2013        2012                    2012
                                                                  Q1 2012                 Q4 2012

 Nickel                           t       6,200      12,000        (48)%       7,400       (16)%


Nickel – Production decreased by 48% to 6,200 tonnes, mainly owing to the permanent cessation
of production and mining activities at Loma de Níquel in Venezuela in November 2012. Loma de
Níquel produced 3,300 tonnes in Q1 2012. Barro Alto produced 4,100 tonnes, a decrease of 38%,
driven by the planned stoppage of line 2 for the electric furnace sidewall rebuild and the
subsequent heat-up being impacted by a metal run-out. This has now been repaired and heat-up is
nearing completion. Line 1 has been operating around nominal capacity since late March 2013.
Full run rate is targeted during 2013.

Anglo American ceased production at Loma de Níquel in early September 2012, and the three
remaining mining concessions expired in November 2012.

PLATINUM

                                                                  Q1 2013                 Q1 2013
                                           Q1          Q1                      Q4
 Platinum                                                           vs.                     vs.
                                          2013        2012                    2012
                                                                  Q1 2012                 Q4 2012
 Refined
 Platinum                      000 oz         439         403          9%         704        (38)%
 Palladium                     000 oz         264         235         12%         413        (36)%
 Rhodium                       000 oz          57          54        5%            91      (38)%
 Copper                               t     2,000        2,900       (31)%       2,500       (20)%
 Nickel                               t     3,300        4,700       (30)%       3,900       (15)%
 Gold                          000 oz          23          24       (3)%           19       25%
 Equivalent
 Platinum                      000 oz         583         593         (2)%        416         40%


Platinum – Equivalent refined platinum production decreased by 2% to 583,000 ounces, largely
owing to the intermittent illegal strike action at the underground mines in South Africa, lower
production at Unki in Zimbabwe and the suspension of the non-managed pooled and shared
Marikana operation in Q2 2012.

Equivalent refined platinum production at the Rustenburg mines was flat, while Amandelbult and
Union reported decreases in output of 15%. Production at Unki decreased by 19% as a result of
lower head grade and a decline in tonnes milled due to a depletion of pre-production stockpiles.
This was partly offset by a 31% increase in production at the Western Limb Tailings Retreatment
plant largely driven by improved head grades and recoveries. At Mogalakwena, output increased
by 1% to 87,000 ounces because of increased throughput at the concentrators.

Refined platinum production increased by 9% to 439,000 ounces owing to the impact of the
prolonged shutdown at the converting plant in the first quarter of 2012.

Palladium, Rhodium and Nickel – Refined production of palladium and rhodium increased by
12% and 6% respectively, while nickel decreased by 30%. Palladium and rhodium variances are
a result of a different source mix from operations and different pipeline processing times for each
metal. Nickel production was affected by ensuing technical challenges following the failure of
titanium cathode strips in the new nickel tank house during the second half of 2012. In addition,
delays were experienced in starting nickelic hydroxide production following an extended
shutdown in February 2013. The base metals refinery was running steadily by the end of the
quarter.
DIAMONDS

                                                                Q1 2013                  Q1 2013
                                             Q1        Q1                       Q4
 Diamonds                                                         vs.                      vs.
                                            2013      2012                     2012
                                                                Q1 2012                  Q4 2012

 Diamonds                      000 carats     6,365     6,208         3%         8,051       (21)%


Diamonds – Production increased by 3% to 6.4 million carats, largely reflecting improved grades,
offset by lower production due to planned plant maintenance at Orapa in Botswana.

Production decreased by 21% compared with the prior quarter, with Venetia in South Africa
disrupted by excessive rainfall causing flooding in the pit. The impact was partially mitigated
through the processing of ore stockpiles, with the shortfall expected to be recovered in H2 2013.

Jwaneng in Botswana is continuing to recover from the impact of its slope failure incident in June
2012 and excessive rainfall at the end of 2012.

OTHER MINING AND INDUSTRIAL

                                                                Q1 2013                  Q1 2013
                                             Q1        Q1                       Q4
 Other Mining and Industrial                                      vs.                      vs.
                                            2013      2012                     2012
                                                                Q1 2012                  Q4 2012

 Phosphates                             t   284,400   246,900         15%      302,300        (6)%
 Niobium                                t     1,100     1,100              -     1,000        10%


Phosphates – Production increased by 15% due to improved performance following optimised
maintenance scheduling, increased plant availability and enhanced performance at the
acidulation and granulation plants.

Niobium – Production was flat at 1,100 tonnes, with declining ore quality offset by improvements
to both throughput and recoveries. Development of the Fresh Rock project to extend the life of
Boa Vista, is on-going and on schedule.

EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q1 2013 totalled $103 million, a decrease of 26%.

Exploration expenditure in Q1 2013 was $48 million, an increase of $16, million largely driven by
the inclusion of fully consolidated De Beers exploration costs following the acquisition of an
additional 40% interest in De Beers in the second half of 2012. Expenditure was primarily
focused on opportunities in Argentina, Australia, Brazil, Canada, Chile, Finland (Sakatti deposit),
Indonesia and several countries in Africa.

Evaluation expenditure for the quarter was $55 million, a decrease of 48%. Evaluation
expenditure is mainly focused on iron ore, metallurgical coal, copper and diamonds.

SIGNIFICANT TRANSACTIONS
On 28 March 2013 Anglo American announced its decision not to proceed with the acquisition of
a 58.9% interest in the Revuboè metallurgical coal project in Mozambique. As announced on 24
July 2012, the transaction was subject to a number of conditions. Those conditions were not
satisfied and Anglo American decided not to proceed with the transaction. Anglo American
expects to continue with its objective of establishing a position in the emerging metallurgical coal
basin                                        in                                      Mozambique.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the Group’s attributable
share of joint ventures, joint arrangements and associates where applicable, except for De Beers’
joint ventures which are quoted on a 100% basis.

                                                                                                                         % Change
                                                                                                                   Q1 2013      Q1 2013
                                        Q1 2013        Q4 2012        Q3 2012        Q2 2012        Q1 2012          vs.          vs.
                                                                                                                   Q4 2012      Q1 2012

Iron Ore & Manganese segment (tonnes)

Kumba Iron Ore

Lump                                     6,190,300     5,551,000       7,689,900      7,045,500      6,294,100          12%          (2)%

Fines                                    4,144,700     3,461,500       4,807,000      4,403,700      3,812,400          20%           9%

Total Kumba production                  10,335,000     9,012,500      12,496,900     11,449,200     10,106,500          15%           2%

Kumba sales volumes

RSA export iron ore                      9,945,100     8,979,600       9,958,600     10,597,600     10,121,200          11%          (2)%

RSA domestic iron ore                     882,000        833,100       1,162,400      1,368,000      1,319,500           6%         (33)%

Samancor

Manganese ore (1)                         803,400        846,800        858,400        826,400        816,200           (5)%         (2)%

Manganese alloys (1) (2)                   57,300         61,200         52,000         30,200         55,000           (6)%          4%

Samancor sales volumes

Manganese ore                             864,300        714,800        820,000        883,200        794,400           21%           9%

Manganese alloys                           63,100         65,600         48,000         50,800         71,600           (4)%        (12)%

Metallurgical Coal segment (tonnes)

Metallurgical - Export coking coal       3,324,800     3,387,000       3,095,300      3,234,300      2,145,000          (2)%         55%

Metallurgical - Export PCI               1,289,800     1,193,000       1,400,400      1,611,300      1,598,000           8%         (19)%

Total Metallurgical – Export(3)          4,614,600     4,580,000       4,495,700      4,845,600      3,743,000           1%          23%

Thermal                                  2,566,800     3,714,700       3,398,900      3,286,300      2,570,600         (31)%              -

Weighted average achieved FOB prices
(US$/t)

Metallurgical – Export                        148            146            188            192            190            1%         (23)%

Thermal – Export                                  90             83             96             94         113            8%         (20)%

Thermal – Domestic                                37             37             36             35             39           -         (5)%

Sales volumes

Metallurgical - Export (4)               4,336,200     4,714,000       4,096,800      4,651,500      3,950,700          (8)%         10%

Thermal – Export                         1,506,600     1,518,800       1,776,300      1,525,400      1,222,100          (1)%         23%

Thermal – Domestic                       1,109,100     1,920,800       1,817,500      1,698,300      1,484,300         (42)%        (25)%

Production by region:
Australia

Metallurgical – Export                   4,151,100     4,213,700       4,072,700      4,490,900      3,510,100          (1)%         18%

Thermal                                  2,566,800     3,714,700       3,398,900      3,286,300      2,570,600         (31)%              -

Total Australia                          6,717,900     7,928,400       7,471,600      7,777,200      6,080,700         (15)%         10%

Canada

Metallurgical – Export                    463,500        366,300         423,000        354,700        232,900          27%          99%
                                                                                                                        % Change
                                                                                                                  Q1 2013      Q1 2013
                                       Q1 2013        Q4 2012        Q3 2012        Q2 2012        Q1 2012          vs.          vs.
                                                                                                                  Q4 2012      Q1 2012

Thermal Coal segment (tonnes)

South Africa

Thermal - Export                        3,909,200      4,659,100      4,555,300      4,223,500      3,694,200         (16)%          6%

Thermal - Domestic (Eskom)              8,129,800      8,560,600      9,056,900      8,326,200      7,762,700          (5)%          5%

Thermal - Domestic (Non-Eskom)          1,518,800      1,594,500      1,530,500      1,560,900      1,533,200          (5)%         (1)%

Metallurgical - Domestic                          -              -              -      15,700         58,400              -       (100)%

Colombia

Thermal - Export                        1,512,000      2,661,700      2,829,400      3,104,700      2,953,000         (43)%        (49)%

Weighted average achieved FOB prices
(US$/t)

South Africa

Thermal - Export                                 83             84             87             93         104           (1)%        (20)%

Thermal - Domestic                               20             21             20             21             22        (5)%         (9)%

Colombia

Thermal - Export                                 77             84             86             90             95        (8)%        (19)%

Sales volumes

South Africa

Thermal - Export                        3,914,900      4,511,000      4,400,800      3,720,100      4,518,700         (13)%        (13)%

Thermal - Domestic                      9,565,800     10,192,500     10,468,500      9,909,500      9,447,500          (6)%          1%

Colombia

Thermal - Export                        1,773,500      2,701,700      2,630,300      2,959,600      2,634,000         (34)%        (33)%

Production by region:
South Africa

Thermal - Export                        3,909,200      4,659,100      4,555,300      4,223,500      3,694,200         (16)%          6%

Thermal – Domestic (Eskom)              8,129,800      8,560,600      9,056,900      8,326,200      7,762,700          (5)%          5%

Thermal – Domestic (non-Eskom)          1,518,800      1,594,500      1,530,500      1,560,900      1,533,200          (5)%         (1)%

Metallurgical - Domestic                          -              -              -      15,700         58,400              -       (100)%

Total South Africa                     13,557,800     14,814,200     15,142,700     14,126,300     13,048,500          (8)%          4%

Colombia

Thermal - Export                        1,512,000      2,661,700      2,829,400      3,104,700      2,953,000         (43)%        (49)%
                                                                                                                        % Change
                                                                                                                   Q1 2013       Q1 2013
                                             Q1 2013             Q4 2012       Q3 2012     Q2 2012     Q1 2012       vs.           vs.
                                                                                                                   Q4 2012       Q1 2012

Copper segment (tonnes) (5)

Collahuasi total production                             66,900      73,800        62,900      68,700      76,700        (9)%         (13)%

                                     (6)                                                                                             (13)%
Collahuasi attributable production                      29,400      32,500        27,700      30,200      33,700       (10)%

Avg sulphide grade (%TCu) (7)                             0.75        0.74          0.70        0.79        0.80         1%           (6)%
                                                                                                                                       5%
Los Bronces mine (8)                                    98,300      95,100        87,200      89,800      93,200         3%

Avg sulphide grade LB (%TCu)                              0.80        0.85          0.79        0.86        0.89        (6)%         (10)%

Avg sulphide grade LBDP (%TCu)                            0.79        0.83          0.79        0.83        0.90        (5)%         (12)%
                  (8)                                                                                                                 16%
El Soldado mine                                         15,600      15,200        12,500      12,700      13,400         3%

Avg sulphide grade (% TCu)                                1.03        0.94          0.72        0.78        0.89        10%           16%

Mantos Blancos mine                                     12,400      13,900        14,100      13,300      12,900       (11)%          (4)%
                              (9)
Avg sulphide grade (% ICu)                                0.54        0.59          0.71        0.69        0.58        (8)%          (7)%

Mantoverde mine                                         14,700      16,200        15,800      15,100      15,200        (9)%          (3)%

Avg oxide grade (% ASCu) (10)                             0.61        0.63          0.65        0.68        0.58        (3)%           5%

Total copper production                             207,900        214,200       192,500     199,600     211,400        (3)%          (2)%
                                     (11)
Attributable copper production                      170,400        172,900       157,300     161,100     168,400        (1)%           1%

Attributable sales volumes                          160,300        177,900       150,200     160,200     155,200       (10)%           3%

Nickel segment (tonnes) (12)

Codemin                                                  2,100       2,500         2,500       2,500       2,100       (16)%               -

Loma de Niquel                                               -             -       1,800       3,000       3,300             -      (100)%

Barro Alto                                               4,100       4,900         4,700       5,400       6,600       (16)%         (38)%

Total nickel production                                  6,200       7,400         9,000      10,900      12,000       (16)%         (48)%

Sales volumes                                            7,100       9,000         7,600      12,600      10,800       (21)%         (34)%

Platinum segment

Refined production

Platinum (troy oz)                                  439,200        703,800       649,000     623,000     402,800       (38)%           9%

Palladium (troy oz)                                 263,600        413,300       392,100     355,500     235,000       (36)%          12%

Rhodium (troy oz)                                       56,500      91,200        90,500      75,100      53,900       (38)%           5%

Copper (tonnes)                                          2,000       2,500         2,700       3,300       2,900       (20)%         (31)%

Nickel (tonnes)                                          3,300       3,900         3,700       5,400       4,700       (15)%         (30)%

Gold (troy oz)                                          23,300      18,600        38,500      24,100      24,000        25%           (3)%

Equivalent refined

Platinum (troy oz)                                  583,000        416,000       626,300     583,600     593,200        40%           (2)%

4E built-up head grade (g/tonne milled                    3.22        3.22          3.32        3.09        3.20             -         1%

                                                 (13)
Diamonds segment (diamonds recovered – carats)

Debswana                                         4,535,000       5,537,000     4,385,000   5,345,000   4,949,000       (18)%          (8)%

Namdeb                                              429,000        470,000       419,000     460,000     318,000        (9)%          35%

De Beers Consolidated Mines                      1,002,000       1,547,000     1,247,000     964,000     674,000       (35)%          49%

De Beers Canada                                     398,000        497,000       324,000     472,000     267,000       (20)%          49%
Total diamonds production   6,364,000   8,051,000   6,375,000   7,241,000   6,208,000   (21)%   3%
                                                                                                                                         % Change
                                                                                                                                   Q1 2013      Q1 2013
                                                     Q1 2013          Q4 2012        Q3 2012        Q2 2012         Q1 2012          vs.          vs.
                                                                                                                                   Q4 2012      Q1 2012

Other Mining and Industrial segment (tonnes) (14)

Phosphates                                               284,400           302,300      292,300        271,500         246,900            (6)%        15%

Niobium                                                    1,100            1,000         1,100          1,200           1,100            10%             -



(1)       Saleable production
(2)       Production includes medium carbon ferro-manganese
(3)       Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark
(4)       Includes both hard coking coal and PCI product sales volumes
(5)       Excludes Anglo American Platinum’s copper production
(6)       Anglo American share of attributable Collahuasi production is 44% of total production
(7)       TCu = total copper
(8)       Anglo American previously held 74.5% of AA Sur, as of 24 August 2012, holds 50.1%. Production is stated at 100% as Anglo American continues to
          consolidate AA Sur
(9)       ICu = insoluble copper (total copper less acid soluble copper)
(10)      ASCu = acid soluble copper
(11)      Difference between total copper production and attributable copper production is Anglo American’s 44% interest in Collahuasi
(12)      Excludes Anglo American Platinum’s nickel production
(13)      Production data for De Beers is disclosed on a 100% basis
(14)      Excludes Amapá, Tarmac and Scaw Metals



Note:

Production figures are sometimes more precise than the rounded numbers shown in the
commentary of this report. The percentage change will reflect the percentage change using the
production figures shown in the Production Summary of this report.

Forward-looking statements:

This contains certain forward looking statements which involve risk and uncertainty because they
relate to events and depend on circumstances that occur in the future. There are a number of
factors that could cause actual results or developments to differ materially from those expressed
or implied by these forward looking statements.

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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