FACT BOOK 2013 FOCUSED ON deLIVERY FOCUSED ON DELIVERY Other sources of information In a world where people want to build a better life for themselves and their families, but where resources are limited, Anglo American seeks to generate sustainable value from a country’s mineral resources for the angloamerican plc AnnuAl report 2013 A FocuseD nnu A on Delivery benefit of its people. report2013 l We will deliver an attractive and differentiated value proposition to our shareholders, business partners You can find this report and other stakeholders by having the right assets and and additional information about Anglo American on technical expertise, the right people working with our our corporate website. partners, and a commitment to responsible mining that For more information, visit www.angloamerican.com/ will support us in delivering the products that make reportingcentre our world work. We are focused on delivering our targeted returns to shareholders while creating value for all our partners and stakeholders. PERFORMANCE HIGHLIGHTS CONTENTS About Anglo American 02 At a glance FINANCIAL 04 The business – an overview 06 History and timeline 07 Financial highlights PERFORMANCE 08 Key financial data 09 Ore Reserves and Mineral Resources Overview Iron Ore and Manganese 18 Financial highlights 19 Financial data Dividends per share UNDERLYING 20 Business overview Cents OPERATING PROFIT 23 Industry overview 2009 (2012: $6.3 bn) 24 Market information 0 25 Strategy 0 28 Production data 2010 29 Ore Reserves and Mineral Resources 25 $6.6 bn Metallurgical Coal 40 33 Financial highlights 2011 34 Financial data 28 UNdeRLYING EARNINGS 35 Business overview 46 (2012: $2.9 bn) 2012 37 Industry overview 32 38 Market information 53 39 Strategy 2013 41 Production data 32 $2.7 bn 42 Ore Reserves and Mineral Resources 53 Thermal Coal UNdeRLYING EARNINGS 46 Financial highlights Interim 47 Financial data Final PER SHARE 48 Business overview (2012: $2.28) 50 Industry overview 51 Market information 52 Strategy Capital expenditure 54 Production data $ bn $2.09 55 Ore Reserves and Mineral Resources 2009 Copper 4.8 LOSS ATTRIBUTABLE TO 59 Financial highlights 2010 EQUITY SHAREHOLDERS 60 Financial data 5.0 61 Business overview 2011 (2012: $(1.5) bn) 63 Industry overview 5.8 64 Market information 2012 65 Strategy 6.0 67 Production data 2013 $(1.0) bn 68 Ore Reserves and Mineral Resources 6.3 Nickel 73 Financial highlights 74 Financial data 75 Business overview Net debt 77 Industry overview $ bn 78 Market information 2009 79 Strategy 11.3 80 Production data 2010 81 Ore Reserves and Mineral Resources 7.4 Niobium and Phosphates 2011 82 Financial highlights 1.4 83 Financial data 2012 84 Business overview 8.5 86 Industry overview 2013 87 Market information 10.7 88 Strategy 90 Production data 91 Ore Reserves and Mineral Resources Platinum 94 Financial highlights 95 Financial data 96 Business overview 98 Industry overview Underlying operating profit is presented before special items and remeasurements Cover Image and includes the Group’s attributable associates’ and joint ventures’ operating profit An overview of 99 Market information before special items and remeasurements, unless otherwise stated. See notes 3 Greenside colliery. 100 Strategy and 5 to the financial statements for underlying operating profit. For definition of 102 Production data special items and remeasurements, see note 6 to the financial statements. See note Previous page 106 Ore Reserves and Mineral Resources 9 to the financial statements for the basis of calculation of underlying earnings. At Polokwane, concentrate is smelted Diamonds ‘Tonnes’ are metric tons, ‘Mt’ denotes million tonnes, ‘kt’ denotes thousand to produce furnace matte 109 Financial highlights tonnes and ‘koz’ denotes thousand ounces;‘$’ and ‘dollars’ denote US dollars before being sent for 110 Financial data and ‘cents’ denotes US cents. further processing at the Waterval Smelter 111 Business overview Net debt includes related hedges and net cash in disposal groups. in Rustenburg. 115 Industry overview See note 24 to the financial statements. 116 Market information Certain balances related to 2012 have been restated to reflect the adoption of new 117 Strategy accounting pronouncements. See note 2 to the financial statements for details. 119 Diamonds recovered Throughout the Strategic report, attributable ROCE, shown in terms of historical 120 Diamond Reserves and Diamond Resources performance, reflects the realised prices and foreign exchange during the period, Other Information and in line with commitments made as part of Driving Value. For more detail on this 126 Other information calculation and its methodology, please refer to page 250 of the annual report. Anglo American plc Fact Book 2013 01 ABOUT ANGLO AMERICAN AT A GLANCE OUR BUSINESS Headquarters North America London, AROUND THE WORLD United Kingdom South America Corporate and Africa representative offices Anglo American’s portfolio of mining businesses Beijing, China Belo Horizonte, Brazil Australia and Asia meets our customers’ changing needs, and spans: Brisbane, Australia bulk commodities – iron ore and manganese, Johannesburg, South Africa Luxembourg Business units metallurgical coal and thermal coal; Maputo, Mozambique Iron Ore and Manganese base metals and minerals – copper, New Delhi, India Metallurgical Coal Rio de Janeiro, Brazil Thermal Coal nickel, niobium and phosphates; and, Santiago, Chile Copper São Paulo, Brazil Nickel precious metals and minerals – in which we Singapore Niobium and Phosphates are a global leader in both platinum and diamonds. Ulaanbaatar, Mongolia Platinum Diamonds EUROPE Employees(1) NORTH AMERICA 2,100 Revenue by origin Employees(1) $2,076 m 1,600 Taxes paid (2) Revenue by origin $205 m $882 m Taxes paid (2) $82 m OTHER SOUTH AMERICA OTHER AFRICA Employees(1) Employees(1) 1,400 13,100 Revenue by origin Revenue by origin $817 m $4,544 m Taxes paid (2) Taxes paid (2) $8 m $298 m AUSTRALIA/ CHILE ASIA Employees(1) Employees(1) 10,800 6,800 SOUTH AFRICA Revenue by origin Revenue by origin $5,392 m Employees(1) $4,255 m BRAZIL Taxes paid (2) 99,500 Taxes paid (2) $1,056 m Employees(1) Revenue by origin $541 m 23,600 $14,132 m Revenue by origin Taxes paid (2) $965 m $1,953 m Taxes paid (2) $384 m Anglo American plc Fact Book 2013 02 ABOUT ANGLO AMERICAN AT A GLANCE Underlying operating profit Net segment assets $ m $ m Iron Ore and Manganese Iron Ore and Manganese 3,119 11,034 Metallurgical Coal Metallurgical Coal 46 4,630 Thermal Coal Thermal Coal 541 1,422 Copper Copper 1,739 8,380 Nickel Nickel (44) 1,597 Niobium and Phosphates Niobium and Phosphates 150 854 Platinum Platinum 464 8,622 Diamonds Diamonds 1,003 11,351 Other Mining and Industrial Other Mining and Industrial (13) 25 Exploration Exploration (207) 3 Corporate Corporate (178) (120) Total: $6,620 m Total: $47,798 m Bulk Base metals and minerals IRON ORE AND METALLURGICAL THERMAL COPPER NICKEL MANGANESE COAL COAL 34,600 employees(1) 6,300 employees(1) 19,000 employees(1) 12,100 employees (1) 2,500 employees(1) • Anglo American has a • Metallurgical Coal • In South Africa, Thermal • Copper has interests • Nickel has two operating unique iron ore profile, is Australia’s No. 2 Coal wholly owns and in six operations in Chile, assets, both in Brazil, with extensive, high metallurgical coal producer operates seven mines, with producing copper in which produce ferronickel: quality resource bases in and the world’s third a 73% interest in the Kriel concentrate, copper Barro Alto and Codemin. biggest exporter of cathode and associated South Africa and Brazil. and Zibulo collieries. In • Around two-thirds of nickel metallurgical coal. by-products such as • Iron ore is a key component Colombia, Anglo American is used in the production of molybdenum and silver. in steel, the most widely • It operates six mines in has a one-third stainless steel. used of all metals. Australia and Peace River shareholding in Cerrejón, • Copper is used mainly Coal in Canada. the country’s biggest in wire and cable, thermal coal exporter. brass, tubing and pipes, • Metallurgical coal is • Around 40% of all air conditioning and the key raw material for electricity generated refrigeration. around 70% of the world’s globally is powered by steel industry. thermal coal. Precious metals and minerals Other Mining and Industrial NIOBIUM AND PLATINUM DIAMONDS OTHER MINING PHOSPHATES AND INDUSTRIAL 4,300 employees(1) 55,900 employees(1) 20,800 employees(1) 1,700 employees(1) • Our Brazilian-based • Platinum, principally based • De Beers is the world’s • Consists of our Tarmac Niobium unit owns two in South Africa, is the leading diamond company. Building Products niobium mines, while the leading primary producer and Middle East • Together with its joint Phosphates business of PGMs, accounting for businesses, and our venture partners, it comprises a mine and ~40% of the world’s newly share in the Lafarge produces about one-third two chemical-processing mined platinum. Tarmac joint venture. of global rough diamonds facilities. • Platinum and other by value from operations • We disposed of our interest • Niobium’s principal platinum group metals in Botswana, South Africa, in the Amapá iron ore application is as an alloying (PGMs) are primarily used Namibia and Canada. system in November 2013. agent in high-strength in autocatalysts for both • The largest diamond steel alloys; phosphates diesel and petrol vehicles, jewellery market is the US, are a principal ingredient and in jewellery. followed by China, Japan