Anglo American plc released its interim financial report and updates on its key projects

Financial results

1. Group operating profit from core operations of USD 2.1 billion

2. Underlying earnings of USD 1.1 billion and underlying earnings per share of USD 0.91

3. Profit attributable to equity shareholders down 31% at USD 3.0 billion

4. Net debt of USD 11.3 billion at June 30th 2009

5. Committed un drawn bank facilities and cash of over USD 9 billion at June 30th 2009

Driving operational performance and delivering significant value

1. Asset optimization and procurement program delivered more than USD 450 million of benefits in H1 expected to deliver over USD 1 billion in 2009 towards the USD 2 billion target in 2011

2. Significant cost reductions achieved across the Group and global headcount reduction ahead of target

3. Anglo Platinum major restructuring completed, one shaft on care and maintenance and two other high cost shafts under review - 140koz of high cost production may be removed

4. Delivery focused on high quality growth in most attractive commodities