FAST NEWS
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.
Posted: Friday , 20 Apr 2012LONDON (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.
© Thomson Reuters 2012 All rights reserved
Print story
Email story
Subscribe to free newsletter
