ANGLO AMERICAN CHINA : A NEW WORLD September 2004

1. ANGLO AMERICAN CHINA : A NEW WORLD September 2004

2. Anglo American Anglo Base Metals Anglo Industrial Minerals Anglo Ferrous and Industries Anglo Paper and Packaging Anglo Gold Anglo Platinum De Beers Anglo Coal Metals Base 100% 51% 74,9% 100% 100% 100% 100% 100% 45%

3. Location

4. More than 60 years involvement with China Committed to : - developing world class capabilities in China - positively contributing to local communities Expertise to maximize efficiency of natural resources with highest sustainable development standards

5. History 1950’s First business contacts made – De Beers industrial diamonds to Chinese customers 1987 De Beers begins trial advertising on TV to promote diamond jewellery in China 1987 MD of De Beers visits Beijing and meets Vice Premier ZOU Jiahua and State Councillor GAN Ziyu 1994 Tarmac begins operations in China 1997 Meeting with Vice Minister JIANG Chengsong in Beijing to discuss base metal and gold exploration 1997 Boart Longyear establishes JV factory in Wuxi to produce drilling equipment

6. History 2002 Meeting with Premier ZHU Rongji in Johannesburg Anglo opens representative office in Beijing 2003 Anglo Coal opens representative office in Beijing Anglo American acquires controlling interest in Kumba Resources Paper and Packaging acquires paper product factories in Guangdong Tarmac acquires Huzhou limestone quarry in Zhejiang

7. History 2004 AngloGold opens representative office in Beijing Neusiedler opens representative office in Shanghai Anglo CEO visits China Anglo Coal signs contract to explore for coal in Xiwan province

8. Sales Anglo American sales to China : 2002 : US$700m 2003 : US$ 1bn Products include : - Platinum group metals – jewellery and autocatalys - Iron ore - Copper, lead, zircon, zinc oxide - Coal - Gold - Diamonds - Industrial sacks - Drilling tools - Asphalt

9. Operations Anglo Coal Office in Beijing Exploration of Xiwan coal lease with Shaanxi Coalfield Geology Bureau Ongoing discussions Anglo Gold Ashanti Office in Beijing In contact with provincial geological bureaus and domestic enterprises Assessing gold potential, business environment and potential partnerships

10. Operations Anglo Platinum (74,9%) Ongoing discussions Valuable pgm market Tarmac (Industrial Minerals) 3 asphalt production companies in Shanghai Aggregates plant in Zhejiang – production from September 2004

11. Operations Boart Longyear (mining and drilling services) Plant in Wuxi (110km north west of Shanghai) produces hard rock drilling consumables and tungsten carbide products 50% export, 50% domestic sales Partner: China Geological Machinery and Instruments Industry Corporation

12. Operations Anglo Paper and Packaging Frantschach - major customer Shi Jing, Guangdong province, produces 60m industrial paper sacks for cement industry from 3 plants Nieusiedler - opens Shanghai office this year - focus on sales of premium and speciality papers into China - looking for investment opportunities in existing production assets

13. Operations Exploration Main opportunities in nickel Looking for right project Building relationships with central government agencies Kumba Resources Zinc refinery in Inner Mongolia US$10m investment in Qingdao Port Sells US$130m of iron ore to China each year De Beers Membership of Shanghai Diamond Exchange for rough and polished

14. Operations Anglo Base Metals No value adding opportunities at present Focus on selling copper cathode and copper concentrates Relationship with Minmetals, a major state controlled metals trading company 2003 : first trial shipment of lead and copper concentrates to China from Black Mountain 2004 : 26,000 Mt of lead and copper concentrates contracted for delivery to Chinese buyers