OREANDA-NEWS. Anglo American plc wishes to draw attention to Kumba Iron Ore Limited's announcement of its results for the year ended 31 December 2013. Kumba Iron Ore Limited reported headline earnings of R15 443 million.

Anglo American plc will report underlying earnings in respect of Kumba Iron Ore Limited of USD 1,108 million for the year ended 31 December 2013, which takes into account certain adjustments.

Anglo American plc will report results for the year ended 31 December 2013 on 14 February 2014. The above figures are unaudited.

Underlying earnings

Underlying earnings is net profit attributable to equity shareholders, adjusted to remove special items and remeasurements, and any related tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be excluded from underlying financial performance. Operating special items include impairment charges and reversals and other exceptional items, including restructuring costs. Non-operating special items include 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 non-hedge derivative instruments are recorded in underlying earnings in the same period as the underlying transaction against which these instruments provide an economic, but not formally designated, hedge as well as foreign exchange impact arising in US dollar functional currency entities on deferred tax balances.