OREANDA-NEWS. Anglo American wishes to draw attention to Anglo American Platinum Limited's announcement of its results for the year ended 31 December 2014. Anglo American Platinum Limited reported headline earnings of R786 million.

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of USD 25 million for the year ended 31 December 2014, which takes into account certain adjustments.

Anglo American will report results for the year ended 31 December 2014 on 13 February 2015.

Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements, and is therefore presented after net finance costs, income tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group.

Operating special items principally include impairment charges and restructuring costs. Non-operating special items include costs in relation to closure of operations, profits and losses on disposals of investments and businesses as well as certain adjustments relating to business combinations. Remeasurements include adjustments to ensure that the unrealised gains or losses on financial assets and liabilities are recorded in underlying earnings in the same year as the underlying transaction for which the instruments provide the economic hedge.

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses meets our customers' changing needs and spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals - copper, nickel, niobium and phosphates; and precious metals and minerals - in which we are a global leader in both platinum and diamonds. At Anglo American, we are committed to working together with our stakeholders - our investors, our partners and our employees - to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company's mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.