ANGLO AMERICAN (AAUKY $15.98, rated NEUTRAL and price target REDUCED from $34/share to $23/share) LOWER ESTIMATED NEAR TERM NON-FERROUS METALS PRICES, COAL PRICES AND A DECREASING MIX OR ESTIMATED RATIO OF METALLURGICAL TO THERMAL COAL REDUCE EARNINGS 6/27/2012

ANGLO AMERICAN (AAUKY $15.98, rated NEUTRAL and price target REDUCED
from $34/share to $23/share) LOWER ESTIMATED NEAR TERM NON-FERROUS
METALS PRICES, COAL PRICES AND A DECREASING MIX OR ESTIMATED
RATIO OF METALLURGICAL TO THERMAL COAL REDUCE EARNINGS 6/27/2012