8th Feb 2007 07:02
Anglo American PLC08 February 2007 News Release 8 February 2007 Anglo Coal announces the creation of Anglo Inyosi Coal, a new empowered coal company in South Africa Anglo Coal, a wholly owned division of Anglo American plc, is pleased toannounce the creation of Anglo Inyosi Coal, an empowered coal company housingkey current and future domestic and export focused coal operations. Anglo Coal has signed a Heads of Agreement with Inyosi, a newly formedbroad-based BEE company. Inyosi will acquire 27% of Anglo Inyosi Coal, creatinga company valued at R7 billion (approximately $1 billion) and incorporatingseveral key Anglo Coal assets, namely Kriel Colliery as well as the Elders,Zondagsfontein, New Largo and Heidelberg projects. For the full press release, please paste the following link into your web browser http://www.rns-pdf.londonstockexchange.com/rns/9138q_-2007-2-8.pdf or go to www.angloamerican.co.uk For further information, please contact: Investor RelationsAnne Dunn at Anglo AmericanTel: +27 82 448 2684Email: [email protected] MediaFiona Wrench at Anglo AmericanTel: + 27 83 268 0420Email: [email protected] Yvonne MfoloTel: +27 83 469 4566Email: [email protected] Notes to Editors: Anglo American plc is one of the world's largest mining and natural resourcegroups. With its subsidiaries, joint ventures and associates, it is a globalleader in platinum group metals, gold and diamonds, with significant interestsin coal, base and ferrous metals, industrial minerals and paper and packaging.The group is geographically diverse, with operations in Africa, Europe, Southand North America, Australia and Asia. (www.angloamerican.co.uk) Anglo Coal has already played a major role in establishing empowerment in thecoal sector through the creation of Eyesizwe Coal, Imbambi Coal and LeeuwMining, and the waiver of its rights in favour of HDSA companies at theexpansion project at Richards Bay Coal Terminal. Anglo Coal also has a 50:50joint venture with Eyesizwe to mine the Arnot North coal reserves, situated some30km east of Middelburg in Mpumalanga, South Africa. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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