Re Joint Venture

Anglo American PLC
05 October 2006


Joint News Release

5 October 2006


                 Anglo American and Severstal announce alliance


Anglo American and Severstal are pleased to announce an agreement, signed today,
to establish an alliance to jointly explore deposits of nickel, copper and zinc
in Russia, initially focusing on the Republic of Karelia and the Murmansk
Oblast, with the ultimate intention of jointly developing such deposits in these
regions and elsewhere in Russia.


Commenting on the alliance, Simon Thompson, a director of Anglo American and
chairman of the Exploration Division, said: "We are delighted to establish this
exploration joint venture with Severstal and look forward to working with them
to develop new base metal projects in Russia".


Roman Deniskin, head of mining division of Severstal, said: "We strongly believe
in Russia's prospects in minerals exploration and development. Severstal is
excited to be going forward in this with such an experienced partner as Anglo
American".


Severstal is one of the leading global vertically integrated steel producers
with presence in Russia, EU and USA.The mineral resources subsidiary of
Severstal includes iron ore and coking coal mining operations in the
North-Western and Siberian regions of Russia. (www.severstal.com)


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


For further information:


Anglo American                      Severstal

London:                             Moscow:

Investor Relations                  Investor Relations

Charles Gordon  [phone]    Dmitry Druzhinin  [phone]



Media Relations                     Media Relations

Kate Aindow     [phone]    Sergei Loktionov  [phone]



Johannesburg:

Investor/Media Relations

Anne Dunn        [phone]

                 [phone]


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