Anglo American plc (“Anglo American”) announces the completion of the sale of Moly-Cop and Alta Steel to One Steel Limited (“One Steel”) for cash proceeds of US$1,076 million.
4 January 2011
Anglo American plc (“Anglo American”) announces the completion of the sale of Moly-Cop and Alta Steel to One Steel Limited (“OneSteel”) for cash proceeds of US$1,076 million.
Anglo American announced the sale of Moly-Cop and Alta Steel to One Steel on 14 November 2010 for a total consideration of US$932 million on a debt and cash free basis. The total cash proceeds amount includes the cash and debt in the business and certain adjustments1.
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For further information:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
South Africa
Anna Mulholland, Investor Relations
Tel: +27 (0)11 373 6683
Kgapu Mphahlele, Investor Relations
Tel: +27 (0)11 373 6239
Notes to Editors:
(1)Adjustments include amounts payable in respect of the locked box period since 1 July 2010.
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. Anglo American’s 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.com