Sale completed of Moly-Cop and AltaSteel (8197Y)

TIDMAAL

RNS Number : 8197Y

Anglo American PLC

04 January 2011

 
 
4 January 2011 
Anglo American completes sale of Moly-Cop and AltaSteel 
to OneSteel 
 
 

Anglo American plc ("Anglo American") announces the completion of the sale of Moly-Cop and AltaSteel to OneSteel Limited ("OneSteel") for cash proceeds of US$1,076 million.

Anglo American announced the sale of Moly-Cop and AltaSteel to OneSteel on 14 November 2010 for a total consideration of US$932 million on a debt and cash free basis. The total cash proceeds amount includes the cash and debt in the business and certain adjustments1.

For further information, please contact:

United Kingdom

Daniel Thole, Brunswick

Tel: [phone]

Caroline Metcalfe, Investor Relations

Tel: [phone]

South Africa

Anna Mulholland, Investor Relations

Tel: [phone]

Kgapu Mphahlele, Investor Relations

Tel: [phone]

Notes to editors:

(1) Adjustments include amounts payable in respect of the locked box period since 1 July 2010.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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