| Thu 23 Dec 2010, 10:10 | | AGL - Anglo American plc - Anglo American completes US$577 million sale of |
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AGL
ANAAL
AGL - Anglo American plc - Anglo American completes US$577 million sale of
undeveloped coal assets in Australia
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
("Anglo American plc" or "the company")
Anglo American completes US$577 million sale of undeveloped coal assets in
Australia
Anglo American plc ("Anglo American") announces that it has completed the sale
of its interests in five undeveloped coal assets in Australia to a consortium
composed of Korea Electric Power Corporation, POSCO and Cockatoo Coal Limited,
for cash proceeds of A$577 million (approximately US$577 million).
Anglo American announced the sale of the five predominantly thermal coal assets
on 5 July 2010. The assets comprise two wholly-owned underground coal deposits
in New South Wales (Bylong and Sutton Forest) and Anglo American`s share in
three open cut coal deposits in Queensland (Collingwood, Ownaview and Taroom),
all of which are held 51% by Anglo American and 49% by Mitsui.
For further information, please contact:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
South Africa
Anna Mulholland, Investor Relations
Tel: +44 (0)20 7968 8462
Notes to editors:
Anglo American plc is one of the world`s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg stock
exchanges. Anglo American`s portfolio of mining businesses spans precious metals
and minerals - in which it is a global leader in both platinum and diamonds;
base metals - copper and nickel; and bulk commodities - iron ore, metallurgical
coal and thermal coal. Anglo American is committed to the highest standards of
safety and responsibility across all its businesses and geographies and to
making a sustainable difference in the development of the communities around its
operations. The company`s mining operations and extensive pipeline of growth
projects are located in southern Africa, South America, Australia, North America
and Asia. www.angloamerican.com
23 December 2010
Sponsor: UBS South Africa Pty Ltd
Date: 23/12/2010 10:10:26 Produced by the JSE SENS Department.
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