The sale of these two assets is in addition to the already announced sales of Callide mine in Queensland and Dartbrook mine in New South Wales, bringing the total sale portfolio to an annual 12.2 million tonnes of export production and 8.4 million tonnes of domestic production, and a combined resource base of over two billion¹ tonnes.

The CEO of Anglo American’s Coal business, Mr Seamus French, said the assets included in the sale portfolio were highly attractive and he expected the announcement would generate significant interest from potential buyers.

“The four assets included in the sale package represent an impressive resource base of high quality export coal, a long history of benchmark operational performance and good infrastructure access,” Mr French said.

Mr French said as well as the previously announced Callide and Dartbrook assets, the Dawson and Foxleigh mines were both highly productive, well-run operations with significant coal inventories, however, Anglo American believed their full potential may be better realised under different ownership.

“Anglo American is now seeking interest from other experienced operators that may be better placed to invest in these operations and take advantage of further growth opportunities,” Mr French said.

“We are streamlining our coal portfolio to focus capital on our priority assets to strengthen our business and these assets no longer align with our core business portfolio in Australia and our broader global Coal business,” he said.

Mr French said that the proceeds from the sales of these assets would be redeployed into strategic focus areas for the business and would contribute to achieving the Anglo American group’s long term net debt target.

“While we are exploring a sale, we will be disciplined in our approach and if offers we receive are below what we consider fair value, we will not sell these assets; these are good assets,” Mr French said.

“In the meantime, it will be business as usual for the operations.

“We will work through the sales process with the utmost respect for our workforce and will work with them to maintain our safety and productivity focus for the foreseeable future,” he said.

“Beyond the divestment program, Anglo American is focused on sustaining and maintaining our current priority assets and our long-term growth portfolio in Australia,” Mr French said.

“Anglo American is fully committed to our world-class $1.95 billion Grosvenor project in Moranbah which is on track to longwall production commencing in late 2016, our ongoing operations at Moranbah North mine and the further development of the Capcoal complex in Middlemount.

“We expect the divestment exercise to take some time and will ensure we keep all relevant stakeholders informed as it progresses,” Mr French said.

(¹ Coal estimates as at 31 December 2013 Annual Report)

ENDS

Contact: Jacqui Strambi – 0439 774 526

Notes to editors:

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