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25 April 2012

Anglo American notes Chilean court decision rejecting Codelco’s unjustified petition

Anglo American notes the decision published today by the 14th Civil Court of Santiago rejecting a petition made by Codelco on 17 April 2012, which sought to install a court appointee into Anglo American’s business in Chile and the retention into escrow of 49% of the dividends paid by Anglo American Sur. Codelco filed its petition with the court ex parte, without giving notice to Anglo American or its appointed lawyers.

Anglo American believes that the measures sought by Codelco had no justification whatsoever and sought to improperly interfere with the operation of Anglo American’s business interests in Chile.

Anglo American is one of Chile’s largest foreign investors and will continue to defend its rights in full accordance with the law.

For further information:
Media Investors
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Caroline Crampton (née Metcalfe)
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
South Africa Leisha Wemyss
Pranill Ramchander Tel: +44 (0)20 7968 8607
Tel: +27 (0)11 638 2592  
  South Africa
  Nicholas Gordon
  Tel: +27 (0)11 638 3262

Notes to editors:
Anglo American is one of the world’s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals – copper and nickel; and precious metals and minerals – in which it is a global leader in both platinum and diamonds. 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, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

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