Acquisition

Anglo American PLC
2 May 2002


News Release
2 May 2002



    Anglo Industrial Minerals expands its Spanish aggregates and ready-mixed
                              concrete operations


Anglo American plc is pleased to announce that its wholly owned subsidiary
Tarmac, part of the Anglo Industrial Minerals division, has reached an agreement
to acquire the aggregates and ready-mixed concrete ("ready-mix") assets of the
Mavike Group in Spain for a total cash consideration of Euro 59 million.
Completion is subject to approval by the Spanish competition authorities.

The Mavike Group is based in the Alicante region on the Spanish Mediterranean
coast. The assets to be acquired comprise a quarry, 26 ready-mix plants located
along the Mediterranean coast, principally in Alicante and Murcia, and three
ready-mix plants in Madrid. Steetley Iberia, Tarmac's existing business in
Spain, operates predominantly in Madrid where it is a leading aggregates and
ready-mix player.

Commenting on the acquisition, Robbie Robertson, Chief Executive of Anglo
Industrial Minerals, said: "This is a value enhancing acquisition which is
consistent with our strategy of growing our business in Spain. It will
consolidate our position in the Madrid market as well as expanding the business
into an area with attractive growth prospects."




For further information:

Anglo American

Investor Relations

Nick von Schirnding

Tel: [phone]


Media Relations

Kate Aindow

Tel: [phone]


Johannesburg:

Investor Relations

Anne Dunn

Tel: [phone]


Media Relations

Marion Dixon

Tel: [phone]



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