In accordance with the recent announcements by Anglo American plc (“Anglo American”) to dispose of certain non-core businesses, including its majority interest in the Peace River Coal Limited Partnership (“PRC”) Anglo American announces that it has entered into agreements with its minority limited partners, NEMI Northern Energy & Mining Inc. and Hillsborough Resources Limited, which will facilitate the sale of up to 100% of PRC.
In accordance with the recent announcements by Anglo American plc (“Anglo American”) to dispose of certain non-core businesses, including its majority interest in the Peace River Coal Limited Partnership (“PRC”) Anglo American announces that it has entered into agreements with its minority limited partners, NEMI Northern Energy & Mining Inc. and Hillsborough Resources Limited, which will facilitate the sale of up to 100% of PRC. Anglo American has retained CIBC World Markets Inc. (CIBC) to assist with the sale process.
CIBC
Matthew Quinlan
Executive Director
(604) 891-6309
matthew.quinlan@cibc.ca
Thys Terblanche
Managing Director
(416) 594-7888
thys.terblanche@cibc.ca
Anglo American
London
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
South Africa
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
Notes to Editors:
Peace River Coal Limited Partnership is a
producer of high-quality metallurgical coal for export, from Canada
is jointly owned by Anglo American plc, Hillsborough Resources
Ltd., and NEMI Northern Energy and Mining Inc. Peace River Coal
owns several coal bearing properties in the Peace River region of
northeast British Columbia and currently conducts mining operations
in the Tumbler Ridge area.
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. Its
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.co.uk