ANGLO AMERICAN (AAUKY $20.50; Rated OVERWEIGHT; Price Target cut to $32 from $35.50); HIGHER COSTS RELATED TO THE APPRECIATION OF THE AUD AND RAND TRIM EARNINGS AND CASH GENERATING ABILITY 8/5/2011

ANGLO AMERICAN (AAUKY $20.50; Rated OVERWEIGHT; Price Target cut to $32
from $35.50); HIGHER COSTS RELATED TO THE APPRECIATION OF THE AUD
AND RAND TRIM EARNINGS AND CASH GENERATING ABILITY  8/5/2011