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ANGLO AMERICAN PLC - Anglo American agrees sale of Foxleigh metallurgical coal mine

Release Date: 04/04/2016 08:32
Code(s): AGL     PDF:  
Wrap Text
Anglo American agrees sale of Foxleigh metallurgical coal mine

Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

Anglo American agrees sale of Foxleigh metallurgical coal mine

Anglo American plc (“Anglo American”) has entered into a Sale and Purchase Agreement with
a consortium led by Taurus Fund Management to sell its 70% interest in the Foxleigh
metallurgical coal mine in Queensland, Australia.

The transaction will be effected via a sale of shares in the subsidiary companies holding Anglo
American's interest in Foxleigh. The transaction remains subject to several conditions
precedent and its terms are confidential.

Foxleigh is an open cut coal operation which produces high quality pulverised coal injection
(PCI) coal, located in Queensland’s Bowen Basin, 12 kilometres southwest of Middlemount.
Anglo American’s attributable share of Foxleigh’s saleable production was 1.86 million tonnes
in 2015.

For further information, please contact:

Media                                                             Investors
James Wyatt-Tilby                                                 Paul Galloway
james.wyatt-tilby@angloamerican.com                               paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759                                          Tel: +44 (0)20 7968 8718

Pranill Ramchander                                                Ed Kite
pranill.ramchander@angloamerican.com                              edward.kite@angloamerican.com
Tel: +27 (0)11 638 2592                                           Tel: +44 (0)20 7968 2178

Notes to editors:

Taurus Fund Management is an independent, global fund manager based in Sydney,
Australia whose clients include institutional and high net worth (wholesale) investors. Taurus
specialises in investment products based on the mined commodities industry. Its team of
geologists, mining engineers, mining financiers, metallurgists and portfolio managers provide
the skills and experience for successful investing. Taurus was founded in 2006 and now
manages two private equity funds and a mining finance fund with assets under management in
excess of US$1 billion.

Anglo American is a globally diversified mining business. Our portfolio of world-class
competitive mining operations and undeveloped resources provides the raw materials to meet
the growing consumer-driven demands of the world’s developed and maturing economies. 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 diamonds (through De Beers) to platinum and other precious metals and
copper – to our customers around the world.

As a responsible miner, we are the custodians of those 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.
www.angloamerican.com

4 April 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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