Sale of Cleveland Potash

Anglo American PLC
29 November 2001


News Release
29 November 2001



                         ANGLO AMERICAN PLC ANNOUNCES

                       SALE OF CLEVELAND POTASH LIMITED



Anglo American plc ('Anglo American') has entered into an agreement to sell
its wholly owned subsidiary Cleveland Potash Limited ('Cleveland Potash') to a
subsidiary of Israel Chemicals Limited ('ICL').

Under the sale agreement, and on fulfilment of certain regulatory conditions,
Anglo American will receive a gross cash consideration of US$45 million,
subject to contractual adjustments.

Commenting on the sale, Robbie Robertson, CEO of Anglo Industrial Minerals
said: 'Since the acquisition of Tarmac, the core focus of Anglo Industrial
Minerals' business in Europe has moved to aggregates and heavy building
materials. We therefore believe that the future development of Cleveland
Potash would be better served as part of a major potash producer and marketer,
like ICL.'

The Anglo American Group has been associated with Cleveland Potash since the
mine started activities in 1969, initially in partnership with ICI. Cleveland
Potash became a wholly owned subsidiary of Anglo American in 1989.



For further information:

Anglo American - London

Investor Relations      Media Relations

Nick von Schirnding     Kate Aindow

Tel: [phone]   Tel: [phone]



Anglo American - Johannesburg

Investor Relations      Media Relations

Anne Dunn               Marion Dixon

Tel: [phone]    Tel: [phone]







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 in Africa, Europe, South and
North America and Australia. (www.angloamerican.co.uk)



Cleveland Potash Limited, located in North Yorkshire, is the UK's only potash
mine, producing potash and road salt and currently employs about 870 people.
In 2000, Cleveland Potash produced around 1 million tonnes of potash and over
500,000 tonnes of salt. (www.clevelandpotash.co.uk)



Israel Chemicals Limited, a member of the Israel Corporation Group, is a
global company engaged in the development, manufacture and marketing of
fertilizers and fertilizer raw materials, bromine and bromine compounds,
speciality and performance chemicals and metallurgy.
(www.israelchemicals.co.il)