PROSPECTUS US$1,500,000,000 Anglo American Capital plc US$850,000,000 3.625% Senior Notes due 2020 US$650,000,000 4.875% Senior Notes due 2025 Guaranteed by Anglo American plc This prospectus is being published by Anglo American Capital plc (the “Issuer”) in connection with Admission (as defined below) of its US$850 million of its 3.625% Senior Notes due 2020 (the “2020 Notes”) and US$650 million of its 4.875% Senior Notes due 2025 (the “2025 Notes” and, together with the 2020 Notes, the “Notes”) with such Notes to be guaranteed (the “Guarantees”) by Anglo American plc (the “Company”, “Guarantor” or “Anglo American” and, together with the Company’s subsidiaries, joint ventures and associates, “Anglo American Group”, the “Group”, “we”, “us” or “our”). Interest will be paid on the Notes semi-annually and in arrears on May 14 and November 14 of each year, commencing on November 14, 2015. The 2020 Notes and the 2025 Notes will mature on May 14, 2020 and May 14, 2025, respectively. The Issuer has the option to redeem all or a portion of the Notes at any time at the redemption prices set forth in this document. The Notes will be unsecured senior obligations of the Issuer and will rank equally with all of its other existing and future unsubordinated indebtedness. The Notes will be issued in fully registered form and only in denominations of US$200,000 and integral multiples of US$1,000 in excess thereof. For a more detailed description of the Notes, see “Description of the Notes and the Guarantees” beginning on page 141. An investment in the Notes involves risks. See “Risk Factors” beginning on page 15. Offering Price for the 2020 Notes: 99.778% plus accrued interest, if any, from May 14, 2015 Offering Price for the 2025 Notes: 99.578% plus accrued interest, if any, from May 14, 2015 Application has been made to the Financial Conduct Authority in its capacity as competent authority pursuant to Part VI of the Financial Services and Markets Act 2000 (the “UK Listing Authority”) for each series of the Notes to be admitted to the official list of the UK Listing Authority (the “Official List”) and to the London Stock Exchange plc (the “London Stock Exchange”) for each series of the Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (“Admission”). References in this document to the Notes being listed (and all related references) shall mean that the Notes have been admitted to trading on the London Stock Exchange’s Regulated Market and have been admitted to the Official List. The London Stock Exchange’s Regulated Market is a regulated market for purposes of Directive 2004/39/EC (the “Directive on Markets in Financial Instruments”). The securities to which this document relates have not been recommended by the United States Securities and Exchange Commission (the “SEC”) or any other US federal or state securities commission or regulatory authority nor have such authorities confirmed the accuracy or adequacy of this document. Any representation to the contrary is a criminal offense in the United States. The Notes and the Guarantees have not been registered, and we do not intend to register the Notes or the Guarantees, under the US Securities Act of 1933, as amended (the “Securities Act”), or any securities laws of any other jurisdiction. Accordingly, the Notes are being offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act (“Rule 144A”) and outside the United States to certain non-US persons in accordance with Regulation S under the Securities Act (“Regulation S”). Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes and the related Guarantees may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For further details about eligible offerees and transfer restrictions, see “Plan of Distribution” and “Transfer Restrictions”. The Company’s credit ratings have been issued by Moody’s Investors Service Ltd. (“Moody’s”) and Standard & Poor’s Credit Market Services Europe Limited (“S&P”) and are Baa2 (negative outlook) and BBB- (stable outlook), respectively. In general, European regulated investors are restricted from using a rating for regulatory purposes if such rating is not issued by a credit rating agency established in the European Union and registered under Regulation (EC) No. 1060/2009 (the “CRA Regulation”), unless the rating is provided by a credit rating agency operating in the European Union before June 7, 2010 which has submitted an application for registration in accordance with the CRA Regulation and such registration is not refused. S&P and Moody’s have each been registered under the CRA Regulation by the European Securities and Markets Authority as of October 31, 2011. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, nabSecurities, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and Westpac Banking Corporation (ABN 33 007 457 141) (collectively, the “Joint Bookrunners” or the “Initial Purchasers”) expect to deliver the Notes to purchasers on or about May 14, 2015 through the facilities of The Depository Trust Company including its participants Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme. Joint Bookrunners Citigroup J.P. Morgan RBC Capital Markets nabSecurities, Scotiabank TD Securities Westpac Banking LLC Corporation Prospectus dated May 8, 2015 TABLE OF CONTENTS OVERVIEW .................................................................................................................................................................. 2 RISK FACTORS ......................................................................................................................................................... 15 IMPORTANT INFORMATION ................................................................................................................................. 24 STABILIZATION ....................................................................................................................................................... 24 NOTICE TO INVESTORS ......................................................................................................................................... 24 NOTICE TO INVESTORS IN THE EUROPEAN ECONOMIC AREA ................................................................... 25 MISCELLANEOUS INFORMATION ....................................................................................................................... 25 NOTICE TO NEW HAMPSHIRE RESIDENTS ........................................................................................................ 25 MARKET AND INDUSTRY DATA .......................................................................................................................... 25 FORWARD-LOOKING STATEMENTS ................................................................................................................... 26 CAUTIONARY NOTE TO US INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES FOR MINING OPERATIONS ......................................................................... 26 PRESENTATION OF FINANCIAL INFORMATION .............................................................................................. 28 NON-IFRS FINANCIAL MEASURES ...................................................................................................................... 31 SERVICE OF PROCESS AND ENFORCEMENT OF CIVIL LIABILITIES ........................................................... 33 AVAILABLE INFORMATION .................................................................................................................................. 33 EXCHANGE RATE DATA ........................................................................................................................................ 34 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE ................................................................. 35 CAPITALIZATION .................................................................................................................................................... 36 USE OF PROCEEDS .................................................................................................................................................. 37 BUSINESS DESCRIPTION ........................................................................................................................................ 38 FIRST QUARTER 2015 PRODUCTION RESULTS ................................................................................................. 69 ORE RESERVES ........................................................................................................................................................ 80 SELECTED FINANCIAL INFORMATION .............................................................................................................. 91 OPERATING AND FINANCIAL REVIEW .............................................................................................................. 92 REGULATION .......................................................................................................................................................... 120 SUSTAINABLE DEVELOPMENT (INCLUDING SAFETY, HEALTH, ENVIRONMENT AND SOCIAL) ...... 125 MANAGEMENT OF ANGLO AMERICAN PLC ................................................................................................... 131