:: Anglo American Delivers First Production from the Los Bronces Expansion Project

Anglo American announces the delivery of first copper production on schedule from its Los Bronces expansion project in central Chile. The expansion of Los Bronces is expected to more than double (on average over the first three years of full production) the mine’s existing production of 221,000 tonnes per year(1) and is the second of Anglo American’s four major strategic growth projects to begin production during 2011.John Mackenzie, CEO of Anglo American’s Copper business, said: “We have delivered this major expansion of Los Bronces on schedule, thanks to the admirable hard work and dedication of the entire team of up to 16,000 people who have been working on the project over the last three years. We have a 12-month ramp up period ahead until we reach full production, during which time we will be increasing processing plant throughput from 61,000 tonnes to 148,000 tonnes of ore per day."

Cynthia Carroll, Chief Executive of Anglo American, said: “The commissioning of the Los Bronces expansion marks the second major new project that we have delivered on schedule this year. At peak production levels, Los Bronces is expected to be the fifth largest copper mine in the world, with reserves and resources that support a mine life of over 30 years and with further expansion potential. We are driving volume growth across the most attractive commodities with a continued focus on long life assets with low cash operating costs. Our long term growth pipeline presents significant opportunities and optionality. Looking at our Copper business in particular, we have existing projects spanning Chile, Peru and the United States and exploration activities under way in several other geographies."

Contact:
Anglo American Media
UK
James Wyatt-Tilby, Tel: +44 (0)7817 735 337
Emily Blyth, Tel: +44 (0)7545 920 657
South Africa
Pranill Ramchander, Tel: +27 (0)82 330 4053

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