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ANGLO AMERICAN PLC - Anglo American announces the completion of the sale of Norte copper business, bringing 2015 asset disposal cash proc

Release Date: 14/09/2015 08:00
Code(s): AGL     PDF:  
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Anglo American announces the completion of the sale of Norte copper business, bringing 2015 asset disposal cash proc

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 announces the completion of the sale of Norte copper business,
bringing 2015 asset disposal cash proceeds to date to $1.9 billion

Anglo American plc ("Anglo American") announces that it has completed the sale of its interest
in Anglo American Norte S.A. (“Norte”) to an investor consortium led by Audley Capital
Advisors LLP, with Orion Mine Finance as the principal co-investor. Norte consists of the
Mantoverde and Mantos Blancos copper mines located in northern Chile.

Mark Cutifani, Chief Executive of Anglo American, said: “The completed sale of Norte to the
Audley consortium represents further progress with our asset disposal programme and wider
strategy to reshape the Anglo American portfolio, prioritising our capital on those assets that
will create the most value for our shareholders over the long term. We have delivered $1.9
billion in cash proceeds this year, including $300 million up-front for Norte to add to the $1.6
billion we received for our stake in Lafarge Tarmac in July.”

14 September 2015
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
Pranill Ramchander
Tel: +27 (0)11 638 2592

Shamiela Letsoalo
Tel: +27 (0)11 638 3112


Anglo American is a global and diversified mining business that provides the raw materials
essential for economic development and modern life. Our people are at the heart of our
business. It is our people who use the latest technologies to find new resources, plan and build
our mines and who mine, process and move and market our products – from bulk commodities
and base metals to precious metals and diamonds (through De Beers) – to our customers
around the world. Our diversified portfolio of products spans the economic development cycle
and, as a responsible miner, we are the custodians of precious resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, but also for the communities and countries in which we operate
– creating sustainable value and making a real difference. Our mining operations, growth
projects and exploration and marketing activities extend across southern Africa, South America,
Australia, North America, Asia and Europe.

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