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Industrial Minerals

Bulk: Industrial Minerals

In 2007, Anglo American announced plans to sell Tarmac, the aggregate and building products business.

Anglo Industrial Minerals’ sole business is Tarmac. Tarmac has a leading position in the UK construction materials industry and is well positioned in certain key markets in continental Europe and the Middle East. The sale process has been delayed until current credit market conditions improve. However, the Tarmac group continues to be managed to maximise shareholder value while options for its sale are being explored.

Industrial Minerals business unit overview

Financial highlights(1)

$ million
12 months
31 Dec 2008
12 months
31 Dec 2007
Operating profit 228 474
EBITDA 487 732
Net operating assets 3,335 4,509
Share of Group
operating profit
2% 5%
Share of Group
net operating assets
10% 17%
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.