ANGLO AMERICAN
CHINA : A NEW WORLD
September 2004
Anglo
American
Anglo
Gold
51%
Anglo
Platinum
74,9%
De Beers
45%
Anglo
Coal
100%
Anglo
Metals
Base
Base
Metals
100%
100%
Anglo
Industrial
Minerals
100%
Anglo
Ferrous and
Industries
100%
Anglo
Paper and
Packaging
100%
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
History
1950’s
1987
1987
1994
First business contacts made – De Beers industrial
diamonds to Chinese customers
De Beers begins trial advertising on TV to promote
diamond jewellery in China
MD of De Beers visits Beijing and meets Vice Premier
ZOU Jiahua and State Councillor GAN Ziyu
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
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
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
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
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
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
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
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
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