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International mining group, Anglo American will not proceed with the acquisition of a 58.9% interest in the Revubo metallurgical coal project in Mozambique.

As announced on 24 July 2012, the transaction was subject to a number of conditions. Those conditions have not been satisfied and Anglo American has decided not to proceed with the transaction.

Anglo American expects to continue with its objective of establishing a position in the emerging metallurgical coal basin in Mozambique.

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