Anglo American and Codelco agree to talks

RNS Number : 8551D

Anglo American PLC

22 May 2012

 



22 May 2012
Anglo American and Codelco agree to talks and suspension of legal proceedings

Anglo American announces that as part of the court's conciliation proceeding in Chile, to which the judge of the 14th Civil Court of Santiago has summoned Anglo American and Codelco ("the parties") on 22 May, the parties have agreed to explore the possibility of negotiating an agreement in relation to Anglo American Sur. Should this prove successful, it will enable the parties to overcome their current legal dispute.

To that end and in the interests of compliance with the conciliation proceeding to which they have been summoned, the parties have together requested the suspension of their legal proceedings at the 14th Civil Court of Santiago until Friday 22 June 2012.

Cynthia Carroll, Chief Executive of Anglo American, said: "We welcome this opportunity to re-engage with Codelco and explore whether a solution may be achievable. From the outset, we have been consistently in favour of discussing a commercial solution that takes into account the interests of both parties."

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone]		UK Leng Lau Tel: [phone]
Emily Blyth Tel: [phone]		Caroline Crampton Tel: [phone]
South Africa Pranill Ramchander Tel: [phone]		South Africa Nicholas Gordon Tel: [phone]

 

Notes to editors:

Anglo American 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 bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds.  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, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

 

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