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Ferrous Metals

Bulk: Ferrous Metals

Anglo Ferrous Metals’ primary business is iron ore. In South Africa, it holds a 63% shareholding in Kumba Iron Ore and in Brazil, it holds an effective 99.4% interest in the Minas-Rio iron ore project, an effective 69.2% interest in the Amapá iron ore system and a 49% interest in LLX Minas-Rio, the owner of the port of Açu. Other interests principally comprise Samancor Manganese (manganese ore and alloy mining) and Scaw Metals (carbon steel products).

Through Kumba Iron Ore, Anglo American is the world’s fourth largest iron ore producer in the global seaborne iron ore market.

Ferrous metals business unit overview

Financial highlights(1)

 $ million 12 months
31 Dec 2008
12 months
31 Dec 2007
Operating profit 2,935 1,432
EBITDA 3,064 1,561
Net operating assets 11,167 3,987
Share of Group
operating profit
29% 15%
Share of Group
net operating assets
34% 15%
(1)
Share of Group operating profit and share of Group net operating assets for both 2008 and 2007 are based on continuing operations and therefore, in 2007, exclude the contribution of Mondi and AngloGold Ashanti.