Anglo American enters into agreement to sell Hudso
Anglo American enters into agreement to sell Hudson Bay
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the `Company`)
Anglo American enters into agreement to sell Hudson Bay
Anglo American International, S.A., a wholly owned subsidiary of Anglo American
plc (`Anglo American`) has entered into an agreement to sell Hudson Bay Mining
and Smelting (`Hudson Bay`), to Ontzinc Corporation (`Ontzinc`) for a cash
consideration of C$325 million (approximately US$250 million) subject to final
adjustments.
The sale is conditional on, inter alia, Ontzinc completing debt and equity
financings to fund the acquisition. If such conditions are met, the transaction
is expected to be completed towards the end of 2004.
For further information:
Anglo American - London
Investor Relations Media Relations
Nick von Schirnding Kate Aindow
Tel: +44 207 698 8540 Tel: +44 207 698 8619
Anglo American - Johannesburg
Investor Relations Media Relations
Anne Dunn Marion Dixon
Tel: +27 11 638 4730 Tel: +27 11 638 3001
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 gold, platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and paper and packaging.
The group is geographically diverse, with operations and developments in Africa,
Europe, South and North America, Australia and Asia. (www.angloamerican.co.uk).
Johannesburg
8 October 2004
Sponsor
Cazenove
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