Media

Overview

• Solid operational performance with production increases across five of the seven commodities
• Kumba Iron Ore production increased by 14% to a record 12.5 million tonnes, driven by faster than planned ramp up of Kolomela mine. Kolomela is expected to produce at least 7 million tonnes in 2012
• Export metallurgical coal production increased by 12% to 4.5 million tonnes
• Export thermal coal production from South Africa increased by 10% to 4.6 million tonnes
• Copper production⁽¹⁾ increased by 12% to 157,300 tonnes, reflecting the full ramp up of the Los Bronces expansion project
• Nickel production⁽²⁾ increased by 38% to 9,000 tonnes, with production from Barro Alto offsetting the lack of production from Loma de Níquel in Venezuela
• Refined platinum production of 649,000 ounces was flat, while equivalent refined platinum production decreased by 6% to 626,300 ounces. Production and costs were adversely impacted by illegal industrial action which caused production loss of 42,000 ounces of equivalent refined platinum in the quarter
• Diamond production decreased by 31% to 6.4 million carats, largely in response to market conditions and the Jwaneng slope failure
• On 16 August 2012, Anglo American completed the acquisition of a 40% shareholding in De Beers from CHL Holdings Limited for a cash consideration of $5.2 billion
• On 24 August 2012, Anglo American completed the sale of a 25.4% shareholding in Anglo American Sur to a Codelco and Mitsui joint venture company for a cash consideration of $2.0 billion
• During the quarter, Anglo American issued corporate bonds with a US dollar equivalent value of $2.3 billion in the US and European markets

The Interim Management Statement for the third quarter ended 30 September 2012 is unaudited. Preliminary Results for the full year to 31 December 2012 will be announced on 15 February 2013. This report forms Anglo American plc’s Interim Management Statement for the purpose of the UK Listing Authority’s Disclosure and Transparency Rules.

^{(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit}

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