17th Feb 2005 08:00
Anglo American PLC17 February 2005 NEWS RELEASE Release Time IMMEDIATE Date 17 February 2005 Number 07/05 SALE OF SAMANCOR CHROME BHP Billiton and Anglo American plc ("Anglo American") announced today that theyhave reached agreement for the sale of Samancor Chrome to the Kermas Group foran enterprise value of US$469 million. The sale will be effective 1 April 2005,subject to obtaining regulatory approvals. The Kermas Group is a producer of and trader in ferrochrome and chromechemicals, with activities in Russia, Germany and Turkey. The Wonderkop joint venture and Palmiet Ferrochrome plant are excluded from thistransaction. Samancor Chrome operates entirely in South Africa, and includesEastern Chrome Mines in Mpumalanga and Western Chrome Mines in NorthwestProvinces. It also has alloy plants in Gauteng and Mpumalanga Provinces. Itmarkets product across the globe and in total employs some 5 500 people. Samancor Chrome is a wholly owned subsidiary of Samancor, owned 60% by BHPBilliton, also the operator and 40% by Anglo American. For further information contact: BHP Billiton: http://www.bhpbilliton.com Australia United Kingdom Jane Belcher, Investor Relations Mark Lidiard, Investor & Media Relations Tel: +61 3 9609 3952 Tel: +44 20 7802 4156 Mobile: +61 417 031 653 email: [email protected] email: [email protected] Tania Price, Media Relations Ariane Gentil, Media Relations Tel: +61 3 9609 3815 Tel: +44 20 7802 4177 Mobile: +61 419 152 780 Mobile: +44 78 81 51 8715 email: [email protected] email: [email protected] United States South Africa Francis McAllister, Investor Relations Michael Campbell, Investor & Tel: +1 713 961 8625 Media Relations Mobile: +1 713 480 3699 Tel: +27 11 376 3360 email: Mobile: +27 82 458 2587 [email protected] email: [email protected] Anglo American: United KingdomCharlie Gordon, Investor RelationsTel: 44 20 7698 8933 Kate Aindow, Media RelationsTel: +44 20 7698 8619 South AfricaAnne Dunn, Investor RelationsTel: +27 11 638 4730 Marion Dixon, Media RelationsTel: +27 11 638 3001 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Anglo AmericanBHP Group