Anglo American Annual Report 2012

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OTHER INFORMATIONEXCHANGE RATES AND COMMODITY PRICESUS$ exchange rates 2012 2011Year end spot pricesRand 8.47 8.11Brazilian real 2.05 1.87Sterling 0.62 0.65Australian dollar 0.96 0.98Euro 0.76 0.77Chilean peso 479 520Botswana pula 7.79 7.49Average prices for the yearRand 8.21 7.26Brazilian real 1.95 1.67Sterling 0.63 0.62Australian dollar 0.97 0.97Euro 0.78 0.72Chilean peso 486 484Botswana pula 7.61 6.82Commodity prices 2012 2011Year end spot pricesIron ore (FOB Australia) (1) US$/tonne 138 127Thermal coal (FOB South Africa) (2) US$/tonne 89 105Thermal coal (FOB Australia) (2) US$/tonne 91 112Hard coking coal (FOB Australia) (3) US$/tonne 170 285Copper (4) US cents/lb 359 343Nickel (4) US cents/lb 771 829Platinum (5) US$/oz 1,533 1,388Palladium (5) US$/oz 705 636Rhodium (5) US$/oz 1,080 1,400Average market prices for the yearIron ore (FOB Australia) (1) US$/tonne 122 160Thermal coal (FOB South Africa) (2) US$/tonne 93 116Thermal coal (FOB Australia) (2) US$/tonne 94 121Hard coking coal (FOB Australia) (6) US$/tonne 210 289Copper (4) US cents/lb 361 400Nickel (4) US cents/lb 794 1,035Platinum (5) US$/oz 1,555 1,725Palladium (5) US$/oz 647 736Rhodium (5) US$/oz 1,275 2,022(1)Source: Platts.(2)Source: McCloskey.(3)Source: Represents the quarter four benchmark.(4)Source: LME daily prices.(5)Source: Johnson Matthey.(6)Source: Represents the average quarterly benchmark.236 Anglo American plc Annual Report 2012
OTHER INFORMATIONSUMMARY BY BUSINESS OPERATIONRevenue (1) Underlying EBITDA (2) profit/(loss) (3)Underlying earningsUnderlying operatingUS$ million 2012 2011 2012 2011 (4) 2012 2011 (4) 2012 2011 (4)Iron Ore and Manganese 6,403 7,643 3,198 4,586 2,949 4,400 1,037 1,457Kumba Iron Ore 5,572 6,717 3,175 4,640 2,980 4,491(6)1,085(6)1,534Iron Ore Brazil (5) – – (1) (137) (5) (141) (30) (130)Samancor 831 926 153 198 103 165 83 144Projects and corporate – – (129) (115) (129) (115)(6)(101)(6)(91)Metallurgical Coal 3,889 4,347 877 1,577 405 1,189 275 844Australia 3,657 4,068 940 1,553 519 1,188 365 850Canada 232 279 13 85 (38) 62 (27) 46Projects and corporate – – (76) (61) (76) (61) (63) (52)Thermal Coal 3,447 3,722 972 1,410 793 1,230 523 902South Africa 2,477 2,642 607 906 482 779 312 613Colombia 970 1,080 412 535 358 482 251 318Projects and corporate – – (47) (31) (47) (31) (40) (29)Copper 5,122 5,144 2,179 2,750 1,687 2,461 908 1,610Anglo American Sur 3,186 2,320 1,686 1,283 1,369 1,126 675 784Anglo American Norte 934 1,136 336 665 288 629 237 470Collahuasi 1,002 1,688 451 1,071 324 975 230 601Projects and corporate – – (294) (269) (294) (269) (234) (245)Nickel 336 488 50 84 26 57 11 23Codemin 176 203 53 46 47 40 31 35Loma de Níquel 160 285 46 86 29 66 18 29Barro Alto – – (7) (12) (8) (13) (5) (8)Projects and corporate – – (42) (36) (42) (36) (33) (33)Platinum 5,489 7,359 580 1,672 (120) 890 (225) 410Operations 5,489 7,359 656 1,734 (44) 952 (155) 469Projects and corporate – – (76) (62) (76) (62) (70) (59)Diamonds (7) 4,028 3,320 711 794 496 659 312 443Other Mining and Industrial 4,066 4,520 485 540 337 315 229 175Core 770 720 196 211 169 184 108 109Phosphates 597 571 114 158 91 134 64 78Niobium 173 149 85 55 81 52 47 33Projects and corporate – – (3) (2) (3) (2) (3) (2)Non-core 3,296 3,800 289 329 168 131 121 66Amapá (5) 327 481 89 147 54 120 27 68Tarmac (8) 2,171 2,347 148 103 73 (38) 65 (34)Scaw Metals (9) 798 931 60 67 49 37 37 25Lisheen (10) – 36 – 17 – 17 – 14Black Mountain (10) – 5 – 3 – 3 – 1Projects and corporate – – (8) (8) (8) (8) (8) (8)Exploration – – (206) (121) (206) (121) (195) (118)Corporate Activities and Unallocated Costs 5 5 (160) 56 (203) 15 (36) 37432,785 36,548 8,686 13,348 6,164 11,095 2,839 6,120(1)Revenue includes the Group’s attributable share of revenue of joint ventures and associates. Revenue for copper and zinc operations is shown after deduction of treatment and refiningcharges (TC/RCs).(2)Earnings before interest, tax, depreciation and amortisation (underlying EBITDA) is operating profit/(loss) before special items, remeasurements, depreciation and amortisation in subsidiariesand joint ventures and includes attributable share of underlying EBITDA of associates.(3)Underlying operating profit/(loss) is revenue less operating costs before special items and remeasurements, and includes the Group’s attributable share of associates’ operating profit beforespecial items and remeasurements.(4)Projects and corporate has been revised to align with internal management reporting. Comparatives have been reclassified to align with current presentation.(5)In 2012 Amapá has been reclassified from Iron Ore and Manganese to Other Mining and Industrial to align with internal management reporting. Comparatives have been reclassified to align withcurrent presentation.(6)Of the projects and corporate expense, $67 million (2011: $72 million) relates to Kumba Iron Ore. The total contribution from Kumba Iron Ore to the Group’s underlying earnings is $1,018 million(2011: $1,462 million) as reported in the external earnings reconciliation, see page 240.(7)On 16 August 2012 the Group acquired a controlling interest in De Beers (Diamonds segment). Until this date De Beers was accounted for as an associate of the Group. From 16 August 2012De Beers ceased to be an associate and has been accounted for as a subsidiary of the Group.(8)In 2011 the Group sold Tarmac’s businesses in China, Turkey and Romania.(9)In November 2012, the Group sold its interest in Scaw Metals.(10)In 2011 the Group sold its interests in Lisheen and Black Mountain, which comprised the remainder of the Group’s portfolio of zinc operations.Other informationAnglo American plc Annual Report 2012 237
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A BALANCEDPORTFOLIOWITH THE FUTURE
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HeadquartersLondon,United KingdomCo
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OVERVIEW CHAIRMAN’S STATEMENTCHAI
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GOVERNANCE INTRODUCTIONGOVERNANCESi
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GOVERNANCE STATEMENT OF DIRECTORS
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FINANCIAL STATEMENTSRESPONSIBILITY
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