Minas-Rio Impairment Considerations and Project Delivery
BUSINESS CASE AS PRESENTED AT TIME OF PURCHASE
Minas Rio Business Case
ANGLO
AMERICAN
Rationale for acquisition
D
Iron ore is a structurally attractive market, in which Anglo has been looking to expand its
presence for some time
Tier one asset opportunities are rare
.
Large long life resource
Expandable
Low cost with integrated logistics infrastructure
High quality ore body
ā
Minas Rio ore has a complementary profile to Anglo's current high quality Sishen ore
product offer
0
Acquired a large and experienced iron ore team
Anglo has a significant footprint in the Brazilian market dating back over 30 years
1
"Rationale for acquiring the project(1)
Board made a long term strategic
decision to substantially grow our
iron ore portfolio - one of the
cornerstones of Anglo's strategy
Minas-Rio provides quality
product on a huge scale
Differentiated product in the
market as a long term supplier of
high volume quality iron ore
Strong supporters of Brazil,
operating in Brazilian market for
over 30 years"
(1) Presented at South American Analyst Site Visit in 2009
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