| Tue 26 Apr 2005, 17:27 | | Transactions regarding Hudbay Minerals and Knight |
|
Anglo American plc - Transactions regarding Hudbay Minerals and Knight Resources
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the `Company`)
Transactions regarding Hudbay Minerals and Knight Resources
Anglo American plc (`Anglo American`) announces that its subsidiary, Taurus
Investments, S.A., sold on the Toronto Stock Exchange 5,777,777 common shares of
Hudbay Minerals Inc. (`Hudbay`) and 86,666,666 warrants to purchase common
shares of Hudbay, for a total cash consideration of C$19.8 million (approx.
US$16 million). These common shares and warrants were part of the consideration
for the sale by Anglo American of Hudson Bay Mining and Smelting Co. in December
2004, and completes the disposal of all the Group`s interest in Hudbay.
In a separate transaction in Toronto, Anglo American Exploration (Canada)
Limited (`AAEC`), a subsidiary of Anglo American, recently acquired 1,840,000
common shares of Knight Resources Ltd. (`Knight`), through a non-brokered
private placement, for a cash consideration of US$452,000, taking its total
stake in Knight to 10.38%.
For further information:
Anglo American - London
Investor Relations Media Relations
Charles Gordon Kate Aindow
Tel: +44 207 968 8933 Tel: +44 207 968 8619
Anglo American - Johannesburg
Investor Relations Media Relations
Anne Dunn Daniel Ngwepe
Tel: +27 11 638 4730 Tel: +27 11 638 2267
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, gold and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and paper and packaging.
The group is geographically diverse, with operations in Africa, Europe, South
and North America, Australia and Asia. (www.angloamerican.co.uk)
26 April 2005
Sponsor:
JPMorgan Equities Limited
Date: 26/04/2005 05:18:35 PM
Produced by the JSE SENS Department
