| Thu 25 May 2006, 17:00 | | Anglo American Plc - Anglo American and Shell Form |
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AGL
ANAAL
Anglo American Plc - Anglo American and Shell Form a Clean Coal Energy Alliance
ANGLO AMERICAN PLC
(the "Company")
JSE Code: AGL
ISIN Code: GB0004901517
ANGLO AMERICAN AND SHELL FORM A CLEAN COAL ENERGY ALLIANCE
Anglo American plc ("Anglo American") and Shell Gas & Power International B.V.
("Shell") today announced the formation of an Alliance in the field of coal
conversion to clean energy.
The two leading companies aim to maximise the benefits from the emerging field
of clean coal energy by taking selective equity positions in coal conversion
projects. These projects will utilise the extensive coal reserves of Anglo
American and combine its mining capabilities with Shell"s leading-edge
technologies. The objective is to extract, gasify and then convert coal into
chemicals, hydrogen, power, liquid hydrocarbons and other uses.
Anglo American and Shell share common corporate values and a commitment to
sustainable development, which will be applied to the Alliance and future
projects. Burning the synthesis gas generated by the gasification of coal emits
significantly lower quantities of greenhouse gases and pollutants than
traditional coal burning and is the cleanest way to harness the energy potential
of coal - the world"s dominant fuel source.
Tony Trahar, Chief Executive of Anglo American, said, "The ability of Anglo
American and Shell to form a clean coal energy Alliance, which has the potential
to develop multiple projects, will create a sustainable competitive advantage,
whilst creating value for shareholders of both the Alliance partners."
Linda Cook, Executive Director, Shell Gas & Power said, "This Alliance further
advances the significant progress that Shell has made in developing clean coal
energy. The technology, and the potential opportunities that it will unlock, is
exciting and we look forward to working with Anglo American."
The Alliance partners are currently investigating an opportunity to incorporate
Anglo American"s Monash Energy Project, based in Australia, into the Alliance.
This project is exploring technologies that produce liquid fuels from non-
conventional sources, such as coal. The project initially envisages a coalmine,
drying and gasification plant, carbon dioxide capture and storage and a gas-to-
liquids (GTL) plant with associated power generation.
For further information:
Anglo American
London:
Investor Relations
Charles Gordon +44 20 7968 8933
Media Relations
Pam Bell +44 20 7968 8568
Johannesburg:
Investor/Media Relations
Anne Dunn +27 11 638 4730
+27 82 448 2684
Shell
London:
Jonathon Charles +44 20 7934 3045
Note 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)
Monash Energy is helping to meet the challenges of energy security and climate
change by applying to brown coal advanced drying and gasification technologies
to produce large volumes of ultra-clean synthetic diesel. Critically, the
technologies chosen by Monash Energy enable separation of a concentrated stream
of CO2 that can be transported to injection wells in deep underground geological
formations for secure storage. The core of the project is a large-scale
commercial plant in Victoria"s Latrobe Valley, drawing coal from its own mine
and then drying and gasifying the coal for conversion into transport fuels.
Shell Gas & Power is a collective term for the separate and distinct companies
within the Royal Dutch Shell plc (the Group) that carry out the Group"s natural
gas and power activities. Shell Gas & Power is engaged in activities spread
across 30 countries throughout the world covering natural gas and LNG
infrastructure and market development, marketing and trading of natural gas and
electricity, power plant development and Gas to Liquids conversion.
Shell Gas & Power holds leading positions in all three key natural gas markets
(Asia Pacific, Europe and North America), and owns interests in five operating
LNG joint ventures that together produced approximately one-third (50 million
tons) of the world"s LNG production in 2004. With interests in five new LNG
trains currently under construction, including a new project in Russia, Shell
aims to further strengthen its portfolio of assets and technology to maintain
global leadership in this growing sector.
More information is available at: www.shell.com/shellgasandpower-en
25 May 2006
Sponsor: J.P.Morgan Equities Limited
Date: 25/05/2006 05:00:07 PM Produced by the JSE SENS Department
