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Annual reporting

Focused on operating smarter

and building effective partnerships

Our ambition

Together we create sustainable value that makes a real difference

We aim to double our 2014 operating profit by 2020, consistent with our 15% ROCE target by 2016

(target at 30 June 2013 exchange rates and prices)

Group underlying EBIT for 2014 was

$4.9bn(2013: $6.8bn)

Underlying earnings for 2014 were

$2.2bn(2013: $2.7bn)

Dividend maintained at

$0.85per share (2013: $0.85)

Where we compete

At Anglo American, we believe that being a global diversified mining company positions us best for long term value creation. And when we invest in a new mine, we bring a fresh lease of life to the surrounding area.

Exploration expenditure for the year amounted to $181 million and spanned 19 countries

$181

Million

19

Countries

Total number of community development projects delivering real benefits to communities in 2014

3047

Community development projects

We are focused on higher quality resources and assets to deliver consistently high margins through commodity cycles; our 16 priority 1 assets contributed

90%

of our underlying EBIT in 2014

How we win

By ensuring consistent performance across the business via Anglo American’s Operating Model, comprised of three key principles...

1

1

Produce stability

Stable operations deliver predictable outcomes.

2

2

Reduce variation

Lower variation in operational performance increases capability and efficiency.

3

3

Provide clarity

Teams who have a clear understanding of their work produce consistent, safer outcomes.

At Sishen North mine, introduction of the Operating Model in 2014 delivered a

23%

efficiency improvement in total tonnes handled

Compared to unplanned work, planned work is

70%

safer

Compared to unplanned work, planned work is

30%

more productive

Working together

People are our business. And our ability to realise mining’s full benefit to society requires strong relationships with communities and other stakeholders as well as mutually beneficial partnerships.

In 2014, our expenditure with local suppliers amounted to

$1.7

Billion

Since 2008, our enterprise development programmes have supported

96,873

Jobs

2014 saw the launch of the Development Partner Framework, part of the Kellogg Innovation Network

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Real Mining. Real People. Real Difference.