| Mon 4 Feb 2008, 10:09 | | AGL - Anglo American Plc - Anglo American and China Development Bank establish |
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AGL
ANAAL
AGL - Anglo American Plc - Anglo American and China Development Bank establish
strategic relationship
Anglo American Plc
(the "Company")
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
Registered number: 3564138
JSE share code: AGL
ISIN: GB00B1XZS820
News Release
4 February 2008
Anglo American and China Development Bank
establish strategic relationship
Anglo American and China Development Bank ("CDB") are pleased to announce that
they have entered into a Memorandum of Understanding ("MOU").
The MOU represents a long term commitment from both Anglo American and CDB to
establish a strategic relationship to identify and develop a pipeline of natural
resources projects in China, Africa and elsewhere.
Cynthia Carroll, CEO of Anglo American, said "I am delighted that Anglo American
and China Development Bank will be working closely together on what we hope will
be a productive relationship lasting many years. Anglo American has an
extensive pipeline of projects around the world and is actively looking for
further projects in China. This MOU will further enhance Anglo American`s
project potential in China, Africa and other key markets."
Chen Yuan, Governor of China Development Bank, said: "Anglo American is one of
the world`s leading resources groups, with a strong portfolio of world class
mining assets and promising projects, including several in China. With the
establishment of this strategic alliance, we have become much better positioned
in doing business in the natural resources industry. With the growth of the
global economy, we are confident that this relationship will be mutually
rewarding."
JSE Sponsor: UBS
For further information, please contact:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Anna Poulter, Investor Relations
Tel: +44 (0)20 7968 2155
South Africa
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
Notes to Editors:
Anglo American plc is one of the world`s largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in platinum group metals and diamonds, with significant interests in
coal, base and ferrous metals, as well as an industrial minerals business and a
stake in AngloGold Ashanti. The Group is geographically diverse, with operations
in Africa, Europe, South and North America, Australia and Asia.
(www.angloamerican.co.uk)
China Development Bank plays an important role in providing financing to China`s
medium and large-scale priority projects in infrastructure, basic industries and
the pillar industrial sectors, and supporting the overseas investment projects
of Chinese enterprises. (www.cdb.com.cn/english)
Date: 04/02/2008 10:09:01 Produced by the JSE SENS Department.
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