Anglo American and Vale in preliminary discussions to jointly develop the Serpentina iron ore resource

Iron Ore

Anglo American plc (LON:AAL) has noted the announcement by Vale S.A. on 28 December and confirms that Anglo American and Vale have had preliminary discussions about the potential to jointly develop Vale’s Serpentina iron ore resource that is contiguous to Anglo American’s integrated Minas-Rio iron ore operation in Brazil.

These discussions are preliminary in nature and there can be no certainty that any agreement will be reached or, if any agreement is reached, on the terms or scope of any such agreement.

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Their portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers.

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