Presentation to Portfolio Committee on Public Enterprises Norman Mbazima- CEO Anglo American Thermal Coal Cape Town 28th January 2010

Discussion points Coal supply and security of supply Current stock levels Quality of coal Other matters

Reliable long-term supplier for Eskom 59.9 Reliable long-term supplier for Eskom Our products Our approach Zimbabwe Namibia Mozambique Botswana AATC has long term relationships with customers Historical relationship with Eskom is the corner stone of SA coal business New Vaal New Denmark Kriel Isibonelo Domestic (2010) Export/Domestic Greenside Kleinkopje Goedehoop Landau Mafube Zondagsfontein Swaziland AATC continues embedded and enduring partnership with Eskom Share of total Eskom burn tons ~28% AATC consumes ~5% of electricity in SA Lesotho South Africa AATC domestic sales split Avg. CV (air dry) (2010E) AATC pursues further opportunities with Eskom and local customers depending on production availability AATC serves local pulp/paper, cement, and steel industry ~4,550 kc/kg1 Eskom Eskom 59% 61% 61% 61% A brief overview of our position in the market We sell a range of products from four different mines ~4,870 kc/kg2 Sasol Sasol ~6,610 kc/kg3 Other 9% Other inland 9% 9% 9% 3% 4% 3% 2% 29% 27% 28% 28% ~6,550 kc/kg4 Export Eskom relationship and volumes lay the foundation for Anglo's SA business Export 2007 2008 2009 8+42009 8+4 2010 Plan2010 Plan Note: All data in this presentation is based on 8+4 budget figures 1. 19.1MJ/kg 2. 20.4 MJ/kg 3. 27.7 MJ/kg, incl. met coal 4. 27.4 MJ/kg. Approximate nar value (FOB): 5,980 kc/kg Source: AA; AATC; BCG analysis

Security of Supply We will meet our contractual obligations and work with Eskom to evaluate the potential for lifex beyond the current life of existing mines

Overview of mines Mine name Sales tons (2010) Established End Planned expansions Power Station Kriel 10.250 1979 2029 2012 / 2014  New Vaal 17.300 1987 2050 2016 / 2020  Lethabo New Denmark 4.810 1990 2041 Tutuka Kleinkopje   2.250   2022 Majuba Landau   210 2025 2016 Duvha/Hendrina Mafube 939 2027 Arnot/Camden Zondagsfontein   729 Majuba/Kusile Total Eskom 36.550

Coal Supply 2010 We are committed to meeting the Eskom tonnage requirement for 2010 and continue to seek opportunities to provide additional tonnes

Eskom 2010 planned volumes covered by long-term and medium term contracts … Composition of 2010 Eskom volumes Description of categories Demand covered via Coal supply agreement (CSA) 20+ years for Cost+ No short-term demand change Annual volume budget agreement 11% of volume sold to Eskom via medium term contracts Set for 2010 sales plan Medium-term demand volume depending on AATC price position Mine Volume in kt New Vaal 17,300 Cost+ mines New Denmark 4,810 Kriel 10,250 Goedehoop Kleinkopje 2,250 Fixed price mines Landau Mafube Zondagsfontein Total Eskom 30,618 5,932 36,550 20,000 40,000 Sales to Eskom for 2010 and beyond are contracted for

Stock Levels Stocks are in-line with the Eskom targeted levels for 2010 and we expect to maintain these levels throughout the year All mines are currently above Eskom’s system average of 36 days

Coal Quality We expect to meet our contractual obligations and through initiatives like the Optimal Coal Processing Initiative (OCPI) we are working with Eskom to improve power station performance Challenges: Geology Adverse weather conditions

Other matters Discussing New Largo supply to Kusile power station Future projects and Eskom demand Lifex

Message Eskom is our largest customer and a significant stakeholders We are committed to ensuring security of supply for the country We lead the Coal Working Group during Electricity Challenges in 2008, to ensure that stockpiles returned to comfortable levels and to identify logistical synergies key to improving other logistical challenges Constructing new mines to meet Eskom’s new build programme We are committed to meeting our contractual obligations in terms of quality and quantity We continue to invest in and look for energy efficiency solutions at all our operations