4th Feb 2008 08:00
Anglo American PLC04 February 2008 News Release 4 February 2008 Anglo American and China Development Bank establish strategic relationship Anglo American and China Development Bank ("CDB") are pleased to announce thatthey have entered into a Memorandum of Understanding ("MOU"). The MOU represents a long term commitment from both Anglo American and CDB toestablish a strategic relationship to identify and develop a pipeline of naturalresources projects in China, Africa and elsewhere. Cynthia Carroll, CEO of Anglo American, said "I am delighted that Anglo Americanand China Development Bank will be working closely together on what we hope willbe a productive relationship lasting many years. Anglo American has anextensive pipeline of projects around the world and is actively looking forfurther projects in China. This MOU will further enhance Anglo American'sproject potential in China, Africa and other key markets." Chen Yuan, Governor of China Development Bank, said: "Anglo American is one ofthe world's leading resources groups, with a strong portfolio of world classmining assets and promising projects, including several in China. With theestablishment of this strategic alliance, we have become much better positionedin doing business in the natural resources industry. With the growth of theglobal economy, we are confident that this relationship will be mutuallyrewarding." For further information, please contact: United Kingdom James Wyatt-Tilby, Media RelationsTel: +44 (0)20 7968 8759 Anna Poulter, Investor RelationsTel: +44 (0)20 7968 2155 South Africa Pranill Ramchander, Media RelationsTel: +27 (0)11 638 2592 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 and diamonds, with significant interests incoal, base and ferrous metals, as well as an industrial minerals business and astake in AngloGold Ashanti. The Group is geographically diverse, with operationsin Africa, Europe, South and North America, Australia and Asia.(www.angloamerican.co.uk) China Development Bank plays an important role in providing financing to China'smedium and large-scale priority projects in infrastructure, basic industries andthe pillar industrial sectors, and supporting the overseas investment projectsof Chinese enterprises. (www.cdb.com.cn/english) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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