Los Bronces Project

Anglo American PLC
28 November 2007

News Release

28 November 2007

        Anglo American approves US$1.7bn Los Bronces development project

Anglo American is pleased to announce the approval of the Los Bronces copper
development project in Chile.

The project will raise annual production of fine copper to 400,000 tonnes per
annum from the current level of 226,000, an increase of some 170,000 tonnes per
annum by 2011. Molybdenum production will reach 5,400 tonnes from the current
level of 2,123 tonnes. This project will transform Los Bronces into one of the
largest copper mines in the world.

Los Bronces is an open-pit copper mine, located in the Andes, 65 kilometres
northeast of Santiago at 3,500 metres above sea level. It has copper sulphide
ore treatment plants, a 56-kilometre slurry pipeline, copper and molybdenum
floatation plants and two solvent extraction-electro-winning (SX-EW) plants for
the low-grade ore dump leaching process.

The Los Bronces development project entails an investment of US$1.7bn to build
new grinding facilities in the Confluencia sector and a new floatation plant at
Las Tortolas 2. It is expected to be completed in three years and to have a mine
life of more than thirty years.

The Environmental Impact Study submitted in October 2006 was recently approved
by the Chilean authorities and construction work for the project will start
immediately.

This development is the first stage in Anglo American's strong pipeline of
copper expansion projects which aims to increase copper production to
approximately 1.7 million tonnes per annum by year 2016. In addition, Anglo
American's Base Metals division is currently progressing the US$1.2bn Barro Alto
nickel project in Brazil which will also double total Group nickel production by
2011.

Cynthia Carroll, CEO of Anglo American, said "The Los Bronces development
project is an exciting brownfield project in Anglo American's extensive pipeline
of base metal projects in South America, which will enable the company to carry
on growing and consolidating its copper profile. Over the last 30 years, Anglo
American has played a major role in expanding Chile's mining capacity and, in
the process, significant wealth creation has been generated for its employees,
shareholders and Chile as an investment destination."

For further information, please contact:

London

Investors:
Charles Gordon
Tel: [phone]

Anna Poulter
Tel: [phone]

Media:
James Wyatt-Tilby
Tel: [phone]

Santiago

Marcelo Esquivel
Tel: [phone]
e-mail: [e-mail]



Notes to Editors:

Anglo American plc is one of the world's largest mining and natural resource
groups. Together with its subsidiaries, joint ventures and associates, it is a
global leader in platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, as well as an industrial minerals business and
a stake in AngloGold Ashanti. The Group is geographically diverse, with
operations in Africa, Europe, South and North America, Australia and Asia.
(www.angloamerican.co.uk)




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