Wrap Text
Anglo American delivers first ore on ship from Minas-Rio
NEWS RELEASE
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name JSE: Anglo
Share code JSE: AGL
Short name NSX: Anglo-AMRC NM
Share code: NSX: ANM
ISIN number: GB00B1XZS820
(the "Company")
Anglo American delivers first ore on ship from Minas-Rio
Anglo American plc (“Anglo American”) announces the delivery of first ore on ship (“FOOS”)
from its Minas-Rio iron ore project in Brazil, within the targeted budget. The first cargo of more
than 80,000 tonnes of iron ore for the pellet feed market has been loaded onto a chartered
vessel at the dedicated export terminal at the port of Açu in Rio de Janeiro state and the vessel
is currently en route to customers in China.
Mark Cutifani, Chief Executive of Anglo American, said: “Delivering FOOS from Minas-Rio is a
remarkable achievement from our team and is one of our three major commitments to our
shareholders this year. Minas-Rio has an exceptional resource in terms of scale and ore quality,
producing some of the highest quality pellet feed available for our customers across the Middle
East and Asia, providing us with a clear competitive advantage. We believe that the outlook for
our particular premium product remains attractive, despite the current weakness in the iron ore
price, and that the fully integrated operation of Minas-Rio – from mine to port – will enable us to
sustain our low operating cost position over the long term.”
Paulo Castellari, CEO of Anglo American’s Iron Ore Brazil business, added: “I am delighted
that we have shipped our first ore from Minas-Rio and that is testament to the incredible effort
and dedication of the entire team, including our contractors, JV partners and suppliers, and the
support of the regulatory authorities and government in Brazil over many years. We are now
focused on achieving a safe ramp-up to the 26.5 Mtpa capacity over the next 18-20 months and
on the regular cycle of licence and permit renewal required for a mining operation of our scale
in Brazil as we transition into operational mode.”
27 October 2014
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
Emily Blyth Edward Kite
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2178
South Africa Sarah McNally
Pranill Ramchander Tel: +44 (0)20 7968 8747
Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
Registered office as above. Incorporated in England and Wales under the Companies Act 1985. Registered Number 3564138
Tel: +27 (0)11 638 2592
Shamiela Letsoalo
Tel: +27 (0)11 638 3112
Notes to editors:
Minas-Rio is a fully integrated iron ore operation in Brazil, consisting of an open cut mine and
beneficiation plant in the state of Minas Gerais, a 529km pipeline through which the iron ore is
pumped in slurry form from the mine to the coast at the port of Açu in Rio de Janeiro state
where Anglo American has developed a dedicated iron ore export facility. At the peak of
construction activity, the project’s workforce numbered in excess of 20,000, while the operation
in steady state will employ 4,000 people, 70% of whom are from communities local to the
operation. Minas-Rio is designed to produce 26.5 Mtpa (wet basis) of iron ore pellet feed for the
steel industry, with a particularly high iron ore content of c.68% and with low levels of
contaminants. Minas-Rio currently has an estimated 686 million (wet) tonnes of Saleable
Product (at 67.5% Fe), resulting in a Mine Life of 28 years.
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.
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