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ANGLO AMERICAN PLC - Anglo American receives cash proceeds of $1.7 billion for the completed sale of Niobium and Phosphates businesses

Release Date: 03/10/2016 07:30
Code(s): AGL     PDF:  
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Anglo American receives cash proceeds of $1.7 billion for the completed sale of Niobium and Phosphates businesses

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 receives cash proceeds of $1.7 billion for the completed sale of Niobium
and Phosphates businesses

Anglo American plc (“Anglo American”) announces the completion of the sale of its Niobium
and Phosphates businesses in Brazil to China Molybdenum Co. Ltd, following the agreement
announced on 28 April 2016. The economic benefits of the businesses will transfer to CMOC
as of the end of 30 September 2016. Anglo American has received cash proceeds of
approximately $1.7 billion, constituting the agreed consideration of $1.5 billion and
approximately $187 million of working capital and other adjustments, subject to certain post-
closing adjustments. Net proceeds, after taxes payable and transaction costs, of $1.5 billion
from the sale will be used to reduce debt.

The Niobium and Phosphates businesses are located in the states of Goiás and São Paulo, in
Brazil. The Phosphates business consists of a mine, beneficiation plant, two chemical
complexes and two further mineral deposits. The Niobium business consists of one mine and
three processing facilities, two non-operating mines, two further mineral deposits and sales and
marketing operations in the United Kingdom and Singapore.

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                                                        Trevor Dyer
marcelo.esquivel@angloamerican.com                                      trevor.dyer@angloamerican.com
Tel: +44 (0)20 7968 8891                                                Tel: +44 (0)20 7968 8992

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


3 October 2016
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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