REG - Anglo American PLC - Anglo American completes sale of Norte <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

14/09/2015 07:00

RNS Number : 8552Y
Anglo American PLC
14 September 2015
14 September 2015
Anglo American announces the completion of the sale of Norte copper business, bringing 2015 asset disposal cash proceeds to date to $1.9 billion
Anglo American plc ("Anglo American") announces that it has completed the sale of its interest in Anglo American Norte S.A. ("Norte") to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor. Norte consists of the Mantoverde and Mantos Blancos copper mines located in northern Chile.
Mark Cutifani, Chief Executive of Anglo American, said: "The completed sale of Norte to the Audley consortium represents further progress with our asset disposal programme and wider strategy to reshape the Anglo American portfolio, prioritising our capital on those assets that will create the most value for our shareholders over the long term. We have delivered $1.9 billion in cash proceeds this year, including $300 million up-front for Norte to add to the $1.6 billion we received for our stake in Lafarge Tarmac in July."
For further information, please contact:
Media
Investors
UK
James Wyatt-Tilby
Tel: +44 (0)20 7968 8759
UK
Paul Galloway
Tel: +44 (0)20 7968 8718
Emily Blyth
Tel: +44 (0)20 7968 8481
Edward Kite
Tel: +44 (0)20 7968 2178
South Africa
Pranill Ramchander
Tel: +27 (0)11 638 2592
Shamiela Letsoalo
Tel: +27 (0)11 638 3112
Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DISBXGDCRGBBGUB