Anglo American to support reconstruction in Chile with US$10 million donation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 5, 2010 -- Following the devastating earthquake in Chile, Anglo American is pleased to announce the donation of US$10 million (equivalent to just over Ch$5 billion), which will be allocated to projects to rebuild houses and schools and implement emergency water and electricity services. The company will work with the Chilean government to formulate the aid and reconstruction plans.

Cynthia Carroll, Chief Executive of Anglo American, said: “This tragedy has affected a very important country and partner for Anglo American and we are absolutely committed to working closely with the government of Chile and its people.”

John Mackenzie, CEO of the Chile-based copper business unit, said: “We are deeply committed to supporting those people affected by the earthquake. Our people on the ground are looking forward to working very closely with the country’s authorities so that this contribution can provide relief to the Chilean people.”

Miguel Ángel Durán, CEO of Anglo American Chile, said: “The donation by Anglo American will be specially allocated to providing emergency solutions and to funding the reconstruction of houses and schools, mainly in the Concepción and Talcahuano areas. These are some of the communities near the Group’s operations that have been affected by the earthquake.”

The company has already moved a fleet of 14 heavy duty vehicles to help in the earth moving works and supplied power generators and a water treatment unit to the areas most affected.

Anglo American has been a major investor in Chile for the last 30 years and employs more than 10,000 people there in its copper operations and at Scaw Metals (Moly-Cop).

Anglo American, its executives and employees express their deepest condolences to those families affected by this disaster.

Anglo American     chile