Completes sale of Black Mount

RNS Number : 7319A

Anglo American PLC

04 February 2011

 



4 February 2011
Anglo American completes sale of Black Mountain Mining zinc interest to Vedanta

Anglo American plc ("Anglo American") announces the completion on 4 February 2011 of the sale of its Black Mountain Mining zinc interests in South Africa to Vedanta Resources plc ("Vedanta") for cash proceeds of US$346 million.

Anglo American announced the sale of its Zinc portfolio to Vedanta on 10 May 2010, for a total consideration of US$1,338 million. Due to the regulatory approval and competition clearance processes, separate completion dates were expected for each of the three businesses within the Zinc portfolio, namely Skorpion mine, Lisheen mine and Black Mountain Mining. The completion of the sale of Lisheen is expected to take place in due course.

For further information, please contact:

United Kingdom

James Wyatt-Tilby, Media Relations

Tel: [phone]

Caroline Metcalfe, Investor Relations

Tel: [phone]                        

Leisha Wemyss, Investor Relations

Tel: [phone]                        

South Africa

Pranill Ramchander, Media Relations

Tel: [phone]

Anna Mulholland, Investor Relations

Tel: [phone]

Kgapu Mphahlele, Investor Relations

Tel: [phone]

Notes to editors:

Anglo American plc is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans precious metals and minerals - in which it is a global leader in both platinum and diamonds; base metals - copper and nickel; and bulk commodities - iron ore, metallurgical coal and thermal coal. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia. www.angloamerican.com

 

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