Anglo American Working for Sustainable Development

Anglo American plc Report to Society 2003 Anglo American plc Report COVER STORY Skorpion Zinc, in the south-western corner of Namibia, lies within the Succulent Karoo biome, the only arid to semi-arid region listed FINANCIAL in the world’s top 25 biodiversity hotspots. The mine and refinery are located on the ANGLO eastern edge of the Sperrgebiet or ‘forbidden zone’ that has prohibited access HIGHLIGHTS since 1908 when the first diamonds were FOR THE YEAR ENDED 31 DECEMBER 2003 discovered on the coast near Luderitz. Because of these restrictions on access, AMERICAN Sound financial performance based on transparent, ethical �� the area has remained virtually untouched behaviour is a cornerstone of sustainable development. It enables � for the past 100 years. The environmental the creation of jobs and the contribution to societal aspirations scientists at Skorpion Zinc have ensured through payments to governments, suppliers, employees and that as much as possible of this incredible returns to investors. � �� biodiversity seed bank and the habitats of the WORKING FOR many endemic vertebrates and invertebrates • Group turnover and attributable share of turnover of joint �� have been preserved for future generations. ventures and associates increased by 22% to $24,909 million In particular, this is achieved through • Headline earnings decreased by 4% to $1,694 million �� careful project development and restrictions • Capital expenditure by subsidiaries amounted to $3,025 million �� on off-road driving. SUSTAINABLE • $555 million was provided for in company taxes, excluding deferred tax for subsidiaries, joint ventures and associates. ANGLO AMERICAN PLC �� 20 Carlton House Terrace London SW1Y 5AN PROFITABILITY AND FINANCIAL FOUNDATION United Kingdom DEVELOPMENT Headline earnings per share were $1.20, 4% lower than in the prior year. Strong performances by many of the Group’s businesses Telephone: +44 (0)20 7698 8888 were offset by the significant impact on the Group results of the �� Fax: +44 (0)20 7698 8500 stronger South African rand, which appreciated some 28% against �� Registered number 3564138 the US dollar compared with the prior year average rate. Despite �� the weakening of the dollar, headline earnings reached $1,694 �� www.angloamerican.co.uk million (2002: $1,759 million) resulting from an outstanding performance by De Beers and strong contributions from Anglo Base Metals, Anglo Industrial Minerals and Anglo Paper and Packaging. Lower earnings were recorded by Anglo Platinum, AngloGold, Anglo �� Coal and Anglo Ferrous Metals and Industries, due in the main to �� the impact of the firming of the South African rand against the US dollar. The robust underlying performance reflects the Group’s �� geographical and product diversity, and the successful integration �� of acquisitions and projects. Profit for the year was $1,592 million �� compared with $1,563 million in the prior year. �� Acquisitions of subsidiaries amounted to $1,469 million. The principal acquisitions included an increase in the Group’s shareholding in Kumba to 66.6%. The Group has also increased �� its interests in Anglo Platinum and AngloGold. Purchases of tangible fixed assets amounted to $3,025 million, an increase �� of $886 million from 2002. The major components of expansion were in Anglo Platinum and Anglo Paper and Packaging. � 125 60 �� 50 100 RETURNS TO SHAREHOLDERS * Restated for the adoption of the UK’s Financial The total dividend for 2003 amounted to 54 cents per ordinary Reporting Standard 19. 40 75 share, up 6% on the previous year. 30 The financial data are derived from the audited Anglo American plc 50 20 Annual Report and Accounts for the year ended 31 December 2003, �� REPORT TO SOCIETY 2003 and are aggregated from Anglo American plc subsidiaries (together 25 �� 10 MESSAGE FROM OUR CHIEF EXECUTIVE 02 with joint ventures and other interests) using the accounting and consolidation principles of Anglo American plc. SHE data are �� 0 0 reported on the basis of managed operations only. Data on �� OUR APPROACH TO SUSTAINABLE DEVELOPMENT 04 �� business principles and human resources reflect managed �� companies only unless otherwise specified. For further details WORKPLACE 08 ENVIRONMENT 22 �� SOCIETY 38 ECONOMIC CONTRIBUTION 52 see pages 5 and 56. �� For more information on our financial data, refer to our website �� http://www.angloamerican.co.uk or to the 2003 Annual Report. 4000 5000 �� CONTRIBUTION TO WEALTH CREATION 3200 4000 In the maps of operations on pages 6 and 7, we provide a view � of our contribution to wealth creation in the major regions of �� 2400 3000 �� the world. OPEN 1600 2000 FLAP 800 1000 0 0 Anglo American plc Report to Society 2003 Anglo American plc Report COVER STORY Skorpion Zinc, in the south-western corner of Namibia, lies within the Succulent Karoo biome, the only arid to semi-arid region listed FINANCIAL in the world’s top 25 biodiversity hotspots. The mine and refinery are located on the ANGLO eastern edge of the Sperrgebiet or ‘forbidden zone’ that has prohibited access HIGHLIGHTS since 1908 when the first diamonds were FOR THE YEAR ENDED 31 DECEMBER 2003 discovered on the coast near Luderitz. Because of these restrictions on access, AMERICAN Sound financial performance based on transparent, ethical �� the area has remained virtually untouched behaviour is a cornerstone of sustainable development. It enables � for the past 100 years. The environmental the creation of jobs and the contribution to societal aspirations scientists at Skorpion Zinc have ensured through payments to governments, suppliers, employees and that as much as possible of this incredible returns to investors. � �� biodiversity seed bank and the habitats of the WORKING FOR many endemic vertebrates and invertebrates • Group turnover and attributable share of turnover of joint �� have been preserved for future generations. ventures and associates increased by 22% to $24,909 million In particular, this is achieved through • Headline earnings decreased by 4% to $1,694 million �� careful project development and restrictions • Capital expenditure by subsidiaries amounted to $3,025 million �� on off-road driving. SUSTAINABLE • $555 million was provided for in company taxes, excluding deferred tax for subsidiaries, joint ventures and associates. ANGLO AMERICAN PLC �� 20 Carlton House Terrace London SW1Y 5AN PROFITABILITY AND FINANCIAL FOUNDATION United Kingdom DEVELOPMENT Headline earnings per share were $1.20, 4% lower than in the prior year. Strong performances by many of the Group’s businesses Telephone: +44 (0)20 7698 8888 were offset by the significant impact on the Group results of the �� Fax: +44 (0)20 7698 8500 stronger South African rand, which appreciated some 28% against �� Registered number 3564138 the US dollar compared with the prior year average rate. Despite �� the weakening of the dollar, headline earnings reached $1,694 �� www.angloamerican.co.uk million (2002: $1,759 million) resulting from an outstanding performance by De Beers and strong contributions from Anglo Base Metals, Anglo Industrial Minerals and Anglo Paper and Packaging. Lower earnings were recorded by Anglo Platinum, AngloGold, Anglo �� Coal and Anglo Ferrous Metals and Industries, due in the main to �� the impact of the firming of the South African rand against the US dollar. The robust underlying performance reflects the Group’s �� geographical and product diversity, and the successful integration �� of acquisitions and projects. Profit for the year was $1,592 million �� compared with $1,563 million in the prior year. �� Acquisitions of subsidiaries amounted to $1,469 million. The principal acquisitions included an increase in the Group’s shareholding in Kumba to 66.6%. The Group has also increased �� its interests in Anglo Platinum and AngloGold. Purchases of tangible fixed assets amounted to $3,025 million, an increase �� of $886 million from 2002. The major components of expansion were in Anglo Platinum and Anglo Paper and Packaging. � 125 60 �� 50 100 RETURNS TO SHAREHOLDERS * Restated for the adoption of the UK’s Financial The total dividend for 2003 amounted to 54 cents per ordinary Reporting Standard 19. 40 75 share, up 6% on the previous year. 30 The financial data are derived from the audited Anglo American plc 50 20 Annual Report and Accounts for the year ended 31 December 2003, �� REPORT TO SOCIETY 2003 and are aggregated from Anglo American plc subsidiaries (together 25 �� 10 MESSAGE FROM OUR CHIEF EXECUTIVE 02 with joint ventures and other interests) using the accounting and consolidation principles of Anglo American plc. SHE data are �� 0 0 reported on the basis of managed operations only. Data on �� OUR APPROACH TO SUSTAINABLE DEVELOPMENT 04 �� business principles and human resources reflect managed �� companies only unless otherwise specified. For further details WORKPLACE 08 ENVIRONMENT 22 �� SOCIETY 38 ECONOMIC CONTRIBUTION 52 see pages 5 and 56. �� For more information on our

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