Anglo American and China Development Bank announced that they have entered into a memorandum of understanding to establish a strategic relationship to identify and develop a pipeline of natural resources projects in China and Africa.

Cynthia Carroll, CEO of Anglo American, said "I am delighted that Anglo American and China Development Bank will be working closely together on what we hope will be a productive relationship lasting many years. Anglo American has an extensive pipeline of projects around the world and is actively looking for further projects in China. This MOU will further enhance Anglo American's project potential in China, Africa and other key markets."

Anglo American is one of the world's largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, as well as an industrial minerals business and a stake in AngloGold Ashanti. The group has operations in Africa, Europe, South and North America, Australia and Asia.