ANGLO AMERICAN (AAUKY $13.09, rated NEUTRAL and price target reduced to $10/share from $12/share) LOWER METALLURGICAL COAL PRICES DRIVE DOWN EARNINGS; HIGHER 2014 IRON ORE AND NICKEL PRICE ESTIMATES OFFSET IN THE NEAR TERM 4/25/2014

ANGLO AMERICAN (AAUKY $13.09, rated NEUTRAL and price target reduced to
$10/share from $12/share) LOWER METALLURGICAL COAL PRICES DRIVE
DOWN EARNINGS; HIGHER 2014 IRON ORE AND NICKEL PRICE ESTIMATES
OFFSET IN THE NEAR TERM 4/25/2014