Anglo American PLC
17 February 2005
NEWS RELEASE
Release Time IMMEDIATE
Date 17 February 2005
Number 07/05
SALE OF SAMANCOR CHROME
BHP Billiton and Anglo American plc ("Anglo American") announced today that they
have reached agreement for the sale of Samancor Chrome to the Kermas Group for
an enterprise value of US$469 million. The sale will be effective 1 April 2005,
subject to obtaining regulatory approvals.
The Kermas Group is a producer of and trader in ferrochrome and chrome
chemicals, with activities in Russia, Germany and Turkey.
The Wonderkop joint venture and Palmiet Ferrochrome plant are excluded from this
transaction. Samancor Chrome operates entirely in South Africa, and includes
Eastern Chrome Mines in Mpumalanga and Western Chrome Mines in Northwest
Provinces. It also has alloy plants in Gauteng and Mpumalanga Provinces. It
markets product across the globe and in total employs some 5 500 people.
Samancor Chrome is a wholly owned subsidiary of Samancor, owned 60% by BHP
Billiton, also the operator and 40% by Anglo American.
For further information contact:
BHP Billiton:
http://www.bhpbilliton.com
Australia United Kingdom
Jane Belcher, Investor Relations Mark Lidiard, Investor & Media Relations
Tel: +61 3 9609 3952 Tel: +44 20 7802 4156
Mobile: +61 417 031 653 email: Mark.Lidiard@bhpbilliton.com
email: Jane.H.Belcher@bhpbilliton.com
Tania Price, Media Relations Ariane Gentil, Media Relations
Tel: +61 3 9609 3815 Tel: +44 20 7802 4177
Mobile: +61 419 152 780 Mobile: +44 78 81 51 8715
email: Tania.Price@bhpbilliton.com email: Ariane.Gentil@bhpbilliton.com
United States South Africa
Francis McAllister,
Investor Relations Michael Campbell, Investor &
Tel: +1 713 961 8625 Media Relations
Mobile: +1 713 480 3699 Tel: +27 11 376 3360
email: Mobile: +27 82 458 2587
Francis.R.McAllister@bhpbilliton.com email:
Michael.J.Campbell@bhpbilliton.com
Anglo American:
United Kingdom
Charlie Gordon, Investor Relations
Tel: 44 20 7698 8933
Kate Aindow, Media Relations
Tel: +44 20 7698 8619
South Africa
Anne Dunn, Investor Relations
Tel: +27 11 638 4730
Marion Dixon, Media Relations
Tel: +27 11 638 3001
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.