London (Platts)--16Apr2008

Anglo American chief executive Cynthia Carroll expects Chinese and Indian
demand for commodities including coal and iron ore to continue at an annual
rate of around 5% for the next 10 years.

In a speech to a meeting of the company's shareholders in London on Tuesday, a
copy of which was seen by Platts, Carroll said: "Over the next 10 years, we
anticipate strong demand growth of 4 to 5% compounded annually for most key
commodities - driven mainly by China, as well as by India and other developing
countries."

She added: "This is likely to be bolstered by higher than historical real
prices, tight supply and robust demand growth." But Carroll warned that high
input costs in the form of energy and rising capital costs and "critical staff
shortages" may temper the effect of higher commodity prices for the company.

The company is not standing aloof from the wave of consolidation in the mining
sector reflected most recently by BHP Billiton's aggressive takeover bid for
Rio Tinto.

Carroll said Anglo was "not sitting idle" but was being "fleet-footed".

"We continue to make targeted, value-enhancing acquisitions that are
complementary to our existing portfolio and in line with our growth strategy
as a focused mining company," she said.

Anglo American is the parent company of Anglo Coal which operates coal mines
in Australia, Colombia and South Africa. In the 2007 financial year, Anglo
American had a total operating profit of $10.1 billion.