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ANGLO AMERICAN PLC - Anglo American completes the sale of Amap to Zamin

Release Date: 04/11/2013 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American completes the sale of Amapá to Zamin

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

Anglo American completes the sale of Amapá to Zamin

Anglo American plc ("Anglo American") announces the completion of its sale of 100% of the
Amapá iron ore operation in Brazil ("Amapá") to Zamin Ferrous Ltd. ("Zamin") following receipt
of regulatory approval for an initial total cash consideration of $134 million, net of certain
completion adjustments.

As announced on 25 September 2013, Zamin will also pay Anglo American conditional deferred
consideration of up to a maximum of $130 million in total, payable over a five year period and
calculated on the basis of the market price for iron ore. Anglo American will use the proceeds to
pay down debt.

As part of the transaction, Anglo American will assume responsibility for, and the risks and
rewards of, the insurance claim in relation to the Santana port incident by acquiring the claim at
full claim value.


4 November 2013
Sponsor: UBS South Africa (Pty) Ltd

For further information, please contact:
Media                                      Investors
UK                                         UK
James Wyatt-Tilby                          Paul Galloway
Tel: +44 (0)20 7968 8759                   Tel: +44 (0)20 7968 8718

                                           Caroline Crampton
                                           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. Our portfolio of mining
businesses meets our customers’ changing needs and spans bulk commodities – iron ore and
manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel,
niobium and phosphates; and precious metals and minerals – in which we are a global leader
in both platinum and diamonds. At Anglo American, we are committed to working together with
our stakeholders – our investors, our partners and our employees – to create sustainable value
that makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, 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 1,500 Mt potential resource in Brazil
as well as the 2,500 Mt Valentines Project in Uruguay. Zamin owns the Zamapa iron ore
processing facility in Amapa state with a total of 200 employees. 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.

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