Anglo American Annual Report 2012

OVERVIEW MARKETPLACEWELL PLACED FOR ALL STAGESOF THE ECONOMIC CYCLEAnglo American’s currentportfolio is uniquelydiversified, with materialexposure to commoditiesthat are key to the continuedearly-stage industrialisationof emerging economies,such as metallurgical coaland iron ore, as well ashaving exposure to midandlate-cycle commodities,such as copper, nickel,platinum and diamonds.EARLY STAGECreating the building blocks of the urban environmentAs economies start to develop and grow there is a need to expandinfrastructure, construct residential and commercial buildings andbuild port capacity for the inevitable rise in import and export activity.60 %INCREASEIN GLOBALINFRASTRUCTURESPEND REQUIREDBY 2030Over the past decade, China and other emergingeconomies have experienced an unprecedentedphase of industrialisation and urbanisation. Inspite of the current challenging global economicenvironment, this growth is set to continue.As the populations of the cities in these emergingeconomies grow, so too do their incomes anddesire to spend.IRON OREMETALLURGICALCOALTHERMALCOALMANGANESELower GDP/capita600 GWOF THERMAL COALPOWER GENERATIONCAPACITY TO BE ADDEDBY CHINA OVER NEXT17 YEARS70%OF CHINESE POPULATIONEXPECTED TO LIVE INURBAN AREAS BY 2030VS. C. 50% TODAYSources:NBS, UN, McKinsey Global Institute, FAO, NDRC, ICA, De Beers06 Anglo American plc Annual Report 2012