| Wed 29 Dec 2021, 9:00 | | ANGLO AMERICAN PLC - Anglo American discussions with Vale to potentially jointly develop the Serpentina iron ore resource |
|
Anglo American discussions with Vale to potentially jointly develop the Serpentina iron ore resource
Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
News Release
28 December 2021
Anglo American discussions with Vale to potentially jointly develop the Serpentina iron
ore resource
Anglo American plc (“Anglo American”) notes the announcement by Vale S.A. (“Vale”) on
28 December and confirms that Anglo American and Vale have had preliminary discussions
about the potential to jointly develop Vale’s Serpentina iron ore resource that is contiguous to
Anglo American’s integrated Minas-Rio iron ore operation in Brazil.
These discussions are preliminary in nature and there can be no certainty that any agreement
will be reached or, if any agreement is reached, on the terms or scope of any such agreement.
This announcement contains inside information.
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 Juliet Newth
marcelo.esquivel@angloamerican.com juliet.newth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 8830
Katie Ryall Michelle Jarman
katie.ryall@angloamerican.com michelle.jarman@angloamerican.com
Tel: +44 (0)20 7968 8935 Tel: +44 (0)20 7968 1494
South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Notes to editors:
Anglo American is a leading global mining company and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive
operations, with a broad range of future development options, provides many of the future-
enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the
fast growing every day demands of billions of consumers. With our people at the heart of our
business, we use innovative practices and the latest technologies to discover new resources and
to mine, process, move and market our products to our customers – safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals,
premium quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients
in development – we are committed to being carbon neutral across our operations by 2040. More
broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we
work towards a healthy environment, creating thriving communities and building trust as a
corporate leader. We work together with our business partners and diverse stakeholders to
unlock enduring value from precious natural resources for the benefit of the communities and
countries in which we operate, for society as a whole, and for our shareholders. Anglo American
is re-imagining mining to improve people’s lives.
www.angloamerican.com
Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of
historical facts included in this document, including, without limitation, those regarding Anglo
American’s financial position, business, acquisition and divestment strategy, dividend policy,
plans and objectives of management for future operations (including development plans and
objectives relating to Anglo American’s products, production forecasts and Ore Reserve and
Mineral Resource positions) and environmental, social and corporate governance goals and
aspirations, are forward-looking statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Anglo American or industry results to be materially
different from any future results, performance or achievements expressed or implied by such
forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Anglo
American’s present and future business strategies and the environment in which Anglo American
will operate in the future. Important factors that could cause Anglo American’s actual results,
performance or achievements to differ materially from those in the forward-looking statements
include, among others, levels of actual production during any period, levels of global demand and
commodity market prices, mineral resource exploration and development capabilities, recovery
rates and other operational capabilities, safety, health or environmental incidents, the effects of
global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory
proceedings, the availability of mining and processing equipment, the ability to produce and
transport products profitably, the availability of transport infrastructure, the impact of foreign
currency exchange rates on market prices and operating costs, the availability of sufficient credit,
the effects of inflation, political uncertainty and economic conditions in relevant areas of the world,
the actions of competitors, activities by courts, regulators and governmental authorities such as
in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of
Anglo American’s assets and changes in taxation or safety, health, environmental or other types
of regulation in the countries where Anglo American operates, conflicts over land and resource
ownership rights and such other risk factors identified in Anglo American’s most recent Annual
Report. Forward-looking statements should, therefore, be construed in light of such risk factors
and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any
obligation or undertaking (except as required by applicable law, the City Code on Takeovers and
Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct
Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa,
the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and
any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with
regard thereto or any change in events, conditions or circumstances on which any such statement
is based.
Nothing in this document should be interpreted to mean that future earnings per share of Anglo
American will necessarily match or exceed its historical published earnings per share. Certain
statistical and other information about Anglo American included in this document is sourced from
publicly available third party sources. As such it has not been independently verified and presents
the views of those third parties, but may not necessarily correspond to the views held by Anglo
American and Anglo American expressly disclaims any responsibility for, or liability in respect of,
such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
The Company has a primary listing on the Main Market of the London Stock Exchange and
secondary listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the
Namibia Stock Exchange and the SIX Swiss Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29-12-2021 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.
