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Kumba committed to transformation in mining industry

31 March, 2015

Kumba Iron Ore, a business unit of Anglo American welcomes the statement by the South African Minister of Mineral Resources on the progress of transformation in the mining industry in South Africa. Anglo American is committed to meeting South Africa’s transformation objectives and has been a longstanding and major contributor to the transformation of the mining industry.

Kumba continues to strive for meaningful and sustainable transformation. The company exceeded all Mining Charter targets in the 2014 reporting year including HDSA ownership requirements through Exxaro, the communities surrounding its operations and employees.

The Mining Charter is concerned not only with HDSA ownership, but various other aspects of broad-based socio-economic empowerment. Kumba is confident that it has met all targets and remains a committed contributor to broad based socio-economic empowerment across all the pillars of measurement.

Norman Mbazima, Chief Executive of Kumba, said: “We welcome the Minister’s collaborative approach and we look forward to the resolution of the difference of opinion relating to the ownership element of the Mining Charter. I am proud of the work that has been done to bring the Mining Charter to life at Kumba. We have exceeded the Charter targets in terms of ownership, preferential procurement, housing and human resource development elements. Whilst the Charter period of 10 years has come to an end, we remain committed to continuing to bring about meaningful change with regards to transformation within our business and, indeed, our country.”

Kumba will continue to engage with the government, Chamber of Mines and other stakeholders to ensure that together we help create a sustainable mining industry for South Africa.

For further information, please contact:

Media		Investors
Yvonne Mfolo: Tel: +27 12 683 7067		Nerina Bodasing Tel: +27 12 622 8324

Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen mine and its new Kolomela mine in the Northern Cape Province, and at Thabazimbi mine in the Limpopo Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.

www.angloamericankumba.com

Notes to editors:

Anglo American is one of the world’s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses meets our customers’ changing needs and spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and phosphates; and precious metals and minerals – in which we are a global leader in both platinum and diamonds. At Anglo American, we are committed to working together with our stakeholders – our investors, our partners and our employees – to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company’s mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

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