Anglo American PLC
25 June 2001
News Release
25th June 2001
GERMAN CREEK PURCHASE
Anglo Coal Australia has purchased RAG Australia Coal Pty Limited's 27.19%
direct and indirect interests in Capricorn Coal Developments Joint Venture
(German Creek), it was announced in a joint statement today.
As a result of the purchase, Anglo Coal will own 100% of the Capricorn
Developments Joint Venture (German Creek), while ownership of German Creek
East will remain at 86.36%.
German Creek is located 250 km south west of Mackay in Central Queensland. The
mining operations consist of two underground longwall mines (Central Colliery
and Southern Colliery), a surface operation and the associated German Creek
East surface operation.
The mines produce 5.5 million tonnes per annum of premium quality hard coking
coal. All production from German Creek is exported to steel companies mainly
in North Asia, India, Europe and South America.
For further information, contact:
London
Kate Aindow
Tel: +44 207 698 8619
Mob: +44 7881 556119
Johannesburg
Anne Dunn
Tel: +27 11 638 4730
Mob: +27 82 448 2684
Marion Dixon
Tel: +27 11 638 3001
Mob: +27 82 775 5520
Notes to 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 and developments in Africa,
Europe, South and North America and Australia. (www.angloamerican.co.uk)
Anglo Coal, a division of Anglo American plc, is the world's fifth-largest
private sector coal producer and exporter. In recent years, the company has
expanded and diversified from its original base in South Africa and now has
operations in Australia, Colombia and Venezuela. Its operations will take
Anglo Coal to more than 76 million sales tonnes per annum.
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