| Wed 6 Aug 2008, 8:11 | | AGL - Anglo American Completes Transaction To Acquire Control Of The Minas-Rio |
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AGL
ANAAL
AGL - Anglo American Completes Transaction To Acquire Control Of The Minas-Rio
And Amapa Iron Ore Projects
Anglo American plc
(the "Company")
Share code: AGL
ISIN code: GB00B1XZS820
News Release
6 August 2008
Anglo American completes transaction to acquire control of the Minas-Rio and
Amapa iron ore projects
Further to the announcement dated 28 July 2008, Anglo American announces that it
has completed the transaction through which Anglo American has acquired control
of the Minas-Rio iron ore project and the Amapa iron ore system in Brazil for
US$3.5 billion in cash.
Anglo American has acquired a 63.3% shareholding in IronX, which holds a 51%
interest in the Minas-Rio iron ore project and a 70% interest in the Amapa iron
ore system, at a price of R$28.147 (US$18.056) per IronX share. Anglo American
has committed to extend the offer to the minority shareholders of IronX at the
same price per share of R$28.147. The successful completion of the offer to the
minority shareholders will result in Anglo American owning 100% of the Minas-Rio
project, 70% of the Amapa system and 49% of LLX Minas-Rio, the owner of the Port
of A?u, at a cost of approximately US$5.5 billion in cash for 100% of the issued
and outstanding shares of IronX.
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
)
Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
www.angloamerican.co.uk
Registered office as above. Incorporated in England and Wales under the
Companies Act 1985. Registered Number 3564138
Date: 06/08/2008 08:11:44 Produced by the JSE SENS Department.
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