Anglo American faces more problems at Minas-Rio
CEO Cynthia Carroll says the miner is facing a further potential disruption to its $6 billion Minas-Rio iron ore project in Brazil but is confident construction activity at the project will resume.
LONDON (Reuters) -
Mining group Anglo American said on Thursday it faced further potential disruption to its $6 billion Minas-Rio iron ore operation in Brazil, although it was hopeful of resuming construction activity on the site.
"We are currently in discussions about another legal interruption notification on a power transmission line licence, and we are confident construction activity on the line will resume soon," chief executive Cynthia Carroll said in a statement at the company's annual meeting.
Anglo American has already had seven legal interruptions to operations at the site.
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