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15 February 2013

2012 Annual Results

Anglo American announced its 2012 annual results at 07.00 GMT on Friday 15 February.

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  • Group underlying operating profit of $6.2 billion, decreased by 44%
  • Production growth and record set at Kumba Iron Ore, export metallurgical coal, export thermal coal, Nickel and phosphates as new operations ramp-up and productivity measures take effect
  • Kolomela iron ore – 8.5 Mt produced, ahead of its ramp-up schedule; on target for 9 Mt in 2013
  • Final dividend increased by 15% to 53 US cents per share, bringing rebased total dividends for 2012 to 85 US cents per share, a 15% increase
  • 48% improvement in lost time injury frequency rate since 2006
  • Kumba Iron Ore – record production of 43.1 Mt, up 4% despite the unprotected strike at Sishen due to the ramp-up of Kolomela
  • Metallurgical Coal – record production of export metallurgical coal of 17.7 Mt, up 24%
  • Copper – 10% increase due to the ramp-up of the Los Bronces expansion
  • Underlying earnings of $2.8 billion and underlying EPS of $2.26
  • Following one-off impairments, loss attributable to equity shareholders of $1.5 billion
  • Net debt of $8.6 billion at 31 December 2012
  • Aiming to maintain a strong investment grade rating, with the Board’s commitment to sustain the rebased dividend and return surplus cash to shareholders

Economic indicators have improved over the last few months. In the US, the housing market is recovering, which is supporting a broad-based economic recovery. In China, infrastructure investment, exports and the real estate sector are boosting economic activity. While economic activity remains weak in Europe and Japan, there are encouraging signs that recent policy changes have mitigated downside risks and should stimulate a recovery in 2013.

In the medium term, most economies should return to more normal growth rates. In China and India, economic growth should remain robust as they benefit from continuing urbanisation, rising living standards and an expanding middle class, which should support demand for our products across our diversified mix.

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Conference Call

To join the 2012 full year results conference call from 09.00 GMT, Friday 15 February 2013, please dial the relevant number below:
 
UK Freephone:
0800 279 9489
SA Freephone:
0800 200 648

International direct:
+27 11 535 3600