| Mon 14 Jul 2008, 14:45 | | AGL - Anglo American Plc - Anglo American statement relating to MMX AmapA |
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AGL
ANAAL
AGL - Anglo American Plc - Anglo American statement relating to MMX AmapA
Anglo American plc (the "Company")
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
Registered number: 356413
Share code: AGL
ISIN code: GB00B1XZS820
ANGLO AMERICAN STATEMENT RELATING TO MMX AMAPA
Anglo American notes the investigation in Brazil in relation to Mr Eike Batista
and MMX AmapA Mineracao Ltda., part of the EBX group of companies.
As previously announced, Anglo American is party to a stock purchase agreement
with Eike Batista and other selling shareholders, as well as other related
agreements with MMX Mineracao e MetAlicos S.A. and other parties related to the
EBX group. Pursuant to these agreements, Anglo American agreed to purchase a
majority interest in IronX Mineracao S.A., the company that holds the 51%
interest in the Minas-Rio iron ore project and a 70% shareholding in the AmapA
iron ore system, upon satisfaction of certain conditions.
Many of the conditions to completion have already been fulfilled or waived. As
the transaction moves toward completion and as part of its pre-completion
exercises, Anglo American will be assessing information concerning the
investigation, which the selling shareholders have agreed to provide on an
expedited basis. Anglo American and the selling shareholders will each make
decisions in respect of the remaining conditions and their respective rights and
obligations under the agreements as this information becomes available.
Anglo American currently owns a 49% interest in the MMX Minas-Rio mine and
pipeline project and in the LLX Minas-Rio port project. MMX has informed Anglo
American that neither of these projects is a subject of the investigation.
Cynthia Carroll, Chief Executive of Anglo American, said, "I have great
confidence in our Brazilian partners, who have made impressive progress in
developing the Minas-Rio and AmapA iron ore projects. MMX has promised full
cooperation with us and we will review all the information to be provided by MMX
as quickly as possible. I am hopeful that these issues will be resolved
satisfactorily."
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. The
Group is geographically diverse, with operations in Africa, Europe, South and
North America, Australia and Asia. (www.angloamerican.co.uk)
Date: 14/07/2008 14:45:37 Produced by the JSE SENS Department.
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