To view the PDF file, sign up for a MySharenet subscription.

ANGLO AMERICAN PLC - Anglo American agrees sale of Drayton coal mine in Australia

Release Date: 04/05/2017 09:00
Code(s): AGL     PDF:  
Wrap Text
Anglo American agrees sale of Drayton coal mine in Australia

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 Drayton coal mine in Australia

Anglo American plc (“Anglo American”) announces that it has entered into a Sale and Purchase
Agreement with Malabar Coal Limited to sell its 88.17% interest in the Drayton thermal coal mine
and Drayton South project (together, “Drayton”), located in New South Wales, Australia (the
“Transaction”).

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

Mark Cutifani, Chief Executive of Anglo American, said: “The agreement to sell the Drayton
thermal coal mine marks further progress as we focus our global portfolio around our largest and
most competitive assets.”

Anglo American ceased mining activities at the Drayton mine during 2016.

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 to our customers around the world.

As a responsible miner - of diamonds (through De Beers), platinum and other precious metals,
copper, nickel, iron ore and coal - we are the custodians of what are precious natural resources.
We work together with our key partners and stakeholders to unlock the long-term value that those
resources represent for our shareholders and for the communities and countries in which we
operate – creating sustainable value and making a real difference.
www.angloamerican.com

4 May 2017

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

Date: 04/05/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story