ANGLO AMERICAN COMPLETES EXIT FROM TARMAC

Anglo American has entirely completed it exit from its Tarmac business with the sale of its Tarmac assets in the Middle East to Colas Moyen Orient, a subsidiary of French engineering and construction company Bouygues Group.

Anglo has embarked on a sale of assets to reduce debt and to focus on between 20 and 25 core mines in diamonds, industrial minerals including platinum, and bulk commodities such as iron ore and coal. At the end of last year, Anglo had 55 mines.