Anglo American PLC
18 April 2002
News Release
18 April 2002
ANGLO AMERICAN PLC ANNOUNCEMENT
Following the announcement on 12 March 2002, regarding acquisitions of strategic
interests in Kumba Resources Limited (Kumba) and AngloVaal Mining Limited, Anglo
American plc confirms that it has exercised its right to acquire Stimela BVI
(Stimela), the holder of 10.5% of Kumba, subject to regulatory approval.
Acquiring ownership of Stimela is not subject to any pre-emptive rights. Stimela
intends to retain its 10.5% stake in Kumba and to maintain the co-operation
agreement that exists between Stimela and the Industrial Development
Corporation.
For further information:
Investor Relations
Nick von Schirnding +27 11 638 3176
Johannesburg:
Investor/Media Relations
Anne Dunn +27 11 638 4730
+27 82 448 2684
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)
Kumba (www.kumbaresources.co.za)
Map: Refer to the website http://www.kumbaresources.co.za and then to
'Locations'.
Kumba Resources Limited ("Kumba") is listed on the JSE with a market
capitalisation of ZAR 14.2 billion (US$ 1.2 billion).
Kumba manages a portfolio of valuable world-class and potentially world-class
assets, which ensures that the company enjoys a leading international position
in the global minerals and metals arena. It has interests in Iron Ore, Heavy
Minerals, Base Metals, Coal and Industrial Minerals and spans three continents
rich in natural resources: Africa, Australia and Asia.
This information is provided by RNS
The company news service from the London Stock Exchange
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