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ANGLO AMERICAN PLC - Announces commissioning of De Beers Gahcho Ku mine

Release Date: 04/08/2016 07:05
Code(s): AGL     PDF:  
Wrap Text
Announces commissioning of De Beers’ Gahcho Kué 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 announces commissioning of De Beers’ Gahcho Kué mine

Anglo American announces the commissioning of De Beers’ Gahcho Kué diamond mine in the
Northwest Territories of Canada. Gahcho Kué – the world’s largest new diamond mine – is
expected to ramp up to reach full commercial production in Q1 2017, producing an average of
4.5 million carats per year over its anticipated 13-year life.

Bruce Cleaver, CEO of De Beers, said: “Starting the ramp up to production at Gahcho Kué – on
time, on budget and in a challenging environment – is a remarkable achievement from the team.
The mine is an exceptional resource in terms of carat volume, value and its potential to create
meaningful economic opportunity for the surrounding community.”

Mark Cutifani, Chief Executive of Anglo American and Chairman of De Beers, added: “Our
successful development of Gahcho Kué is testament to the technical expertise of the entire
project team, the sensitive approach we take towards our surroundings and the strength of the
relationship with the community local to the operation. Discovering and bringing to fruition a
new source of diamonds of this quality reminds us all of the rarity value of diamonds.”

Gahcho Kué is located about 280km north east of Yellowknife in the Canadian Northwest
Territories and is a joint venture between De Beers (51%) and Mountain Province Diamonds
(49%).

For further information, please contact:

Media                                                                                   Investors
UK                                                                                      UK
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

Marcelo Esquivel                                                                        Ed Kite
marcelo.esquivel@angloamerican.com                                                      edward.kite@angloamerican.com
Tel: +44 (0)20 7968 8891                                                                Tel: +44 (0)20 7968 2178

South Africa                                                                            Sheena Jethwa
Pranill Ramchander                                                                      sheena.jethwa@angloamerican.com
pranill.ramchander@angloamerican.com                                                    Tel: +44 (0)20 7968 8680
Tel: +27 (0)11 638 2592

Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786


Notes to editors:
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 August 2016

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

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