ANGLO AMERICANCHINA : A NEW

WORLD

September 2004

AngloAmerican

AngloGold

51%

Anglo Platinum

74,9%

AngloCoal

100%

BaseMetals

100%

AngloIndustrialMinerals100%

AngloFerrous andIndustries100%

Anglo Paper andPackaging100%45%

De Beers AngloBase

Metals100%

Location

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

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

History

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

2002 Meeting with Premier ZHU Rongji in Johannesburg

Anglo opens representative office in Beijing

History

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

Anglo American sales to China :2002 : US$700m2003 : US$ 1bn

Products include :- Platinum group metals – jewellery and autocatalys- Iron ore - Copper, lead, zircon, zinc oxide - Coal - Gold - Diamonds - Industrial sacks - Drilling tools - Asphalt

Sales

Anglo Coal

Office in Beijing

Exploration of Xiwan coal lease with Shaanxi Coalfield Geology Bureau

Ongoing discussions

Operations

Anglo Gold Ashanti Office in Beijing

In contact with provincial geological bureaus and domestic enterprises

Assessing gold potential, business environment and potential partnerships

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

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

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

Operations

Operations

Exploration Main opportunities in nickel

Looking for right project

Building relationships with central government agencies

Kumba Resources

De Beers Membership of Shanghai Diamond Exchange for rough and polished

Zinc refinery in Inner Mongolia

US$10m investment in Qingdao Port

Sells US$130m of iron ore to China each year

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

Anglo Base Metals

Operations