Press Release Archive - 2008

Overview

• Production increases in iron ore, metallurgical coal, Eskom thermal coal, South American thermal coal, manganese ore, manganese alloys and steel products compared with the third quarter of 2007.
• Platinum remains on target for full year refined production of 2.4 million ounces.
• Strong performance from Kumba Iron Ore’s Sishen expansion, with production ramp up continuing at the jig plant.
• Kumba Iron Ore’s benchmark export price expected to increase by an average of 100-110% on a rand per tonne basis for the 2008/09 iron ore contract year.
• Transaction to acquire control of the Minas-Rio and Amapá iron ore projects completed in August for $3.5 billion.
• Sale of Namakwa Sands and a 26% interest in the Black Mountain zinc mine and Gamsberg zinc project to Exxaro Resources.
• Memorandum of Understanding signed with Eskom to identify and implement solutions to guarantee the integrity of South Africa’s electricity supply.

Anglo American believes that its strong strategic position and the market fundamentals of its core commodities will continue to drive growth over the medium and long term, with constrained supply and growing demand led by the secular trend of urbanisation and industrialisation in China and other developing countries.

The current volatility and uncertainty in global markets, coupled with the slowdown in the world’s major economies, has had a significant impact on commodity prices. The mining industry has already seen the curtailment of some high cost operations and the credit environment is expected to limit the funding and expansion capabilities of many of the junior mining companies.

Against this economic background, Anglo American is conducting a review of its project pipeline to assess capital expenditure profiles on a project by project basis, as well as intensively driving its asset optimisation programme and related cost discipline across the businesses.

There have been no material events, transactions or changes in the financial position of the Group since 30 June 2008 other than as outlined in this statement.

Results for the full year to 31 December 2008 will be announced on 20 February 2009.

This report forms Anglo American plc’s Interim Management Statement for the purpose of the UK Listing Authority’s Disclosure and Transparency Rules.

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Forward looking statements:

This Interim Management Statement contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.