For further information, please contact:
Media |
Investors |
UK |
UK |
James Wyatt-Tilby |
Paul Galloway |
Tel: +44 (0)20 7968 8759 |
Tel: +44 (0)20 7968 8718 |
|
|
Emily Blyth |
Caroline Crampton |
Tel: +44 (0)20 7968 8481 |
Tel: +44 (0)20 7968 2192 |
|
|
South Africa |
Sarah McNally |
Pranill Ramchander |
Tel: +44 (0)20 7968 8747 |
Tel: +27 (0)11 638 2592 |
|
Notes to editors:
Aside from this proposed transaction, Anglo American expects to receive additional cash proceeds of between £57 million and £67 million (approximately $98 million to $115 million) as a result of prior transactions involving the formation of the JV and the transfer of Tarmac Building Products assets to the JV.
Lafarge Tarmac was formed in January 2013 following the merger of Anglo American and Lafarge's cement, aggregates, ready-mixed concrete, asphalt and asphalt surfacing and maintenance services, and waste services businesses in the United Kingdom. As at 31 December 2013, Anglo American's 50% reported interest in Lafarge Tarmac's gross assets was £1,430 million, including goodwill. For the period ending 31 December 2013, prior to any Anglo American Group adjustments, the loss before tax attributable to 50% of Lafarge Tarmac was £33m.
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. Our portfolio of mining businesses meets our customers' changing needs and spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and phosphates; and precious metals and minerals – in which we are a global leader in both platinum and diamonds. At Anglo American, we are committed to working together with our stakeholders – our investors, our partners and our employees – to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company's mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com