Disposal

Anglo American PLC
7 May 2002


News Release
7 May 2002

               ANGLO AMERICAN SELLS NICKEL INTERESTS IN BOTSWANA

Anglo American plc ("Anglo American") announces that it has signed heads of
agreement for LionOre Mining International Limited ("LionOre") of Canada, to
acquire Anglo American's nickel interests in Botswana for US$75.9 million in
cash. These interests comprise 43.35% in Tati Nickel Mining Company (Pty)
Limited ("Tati"), a 12.65% stake in Botswana RST Limited (which owns 85% of BCL
Limited) and a 7.5% direct interest in BCL Limited. This acquisition will result
in LionOre owning 85% of Tati, (with the Government of Botswana retaining its
holding of 15%).

The transaction is subject to satisfaction of a number of conditions precedent
including receiving appropriate approvals from the Government of Botswana and
the signing of a binding legal agreement.

For further information contact:

London:

Investor Relations

Nick von Schirnding     [phone]

Media Relations

Kate Aindow      [phone]

Johannesburg:

Investor Relations

Anne Dunn      [phone]

Media Relations

Marion Dixon      [phone]


Background Notes for 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 gold, platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and forest products. The
group is geographically diverse, with operations in Africa, Europe, South and
North America and Australia. (www.angloamerican.co.uk).

Tati Nickel, operates two mines, Selkirk (underground) and Phoenix (open cast),
near Francistown, Botswana. The ore from Selkirk is concentrated and then
smelted on a toll basis at a plant owned by BCL Limited at Selebi-Phikwe, also
in Botswana. The ore from Phoenix is treated at the mine then further upgraded
and smelted at BCL with the resultant matte sent to third parties for refining.
Tati is currently commissioning an expansion project which will double annual
production. In 2001 Tati produced 6,305 tonnes of nickel and 2,157 tonnes of
copper.

BCL mines and processes ore in Botswana to produce copper, nickel and small
quantities of cobalt. In 2001 BCL produced 12,600 tonnes of nickel and 14,900
tonnes of copper in the form of matte.

LionOre Mining International Ltd is an international mining company listed on
the Toronto stock exchange with interests in Botswana and Australia. The company
owns 41.65% of Tati and its interests in Australia include the Emily Ann nickel
mine, the Maggie Hays nickel sulphide deposit and the Thunderbox gold project
(www.lionore.com).

                      This information is provided by RNS
            The company news service from the London Stock Exchange