Skip to main content

Anglo American secures Step 3 licence approval for Minas-Rio

Published by
Global Mining Review,


Anglo American plc has announced the receipt of regulatory approval relating to the Step 3 licence area of the Minas-Rio operation in Brazil.

Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore to support the increase of production of the operation towards its full design capacity of 26.5 million tpy.

As a result of this important regulatory approval, production guidance for 2019 is increased to 18 million - 20 million t (wet basis), from the previous guidance of 16 million - 19 million t (wet basis). Unit cost guidance for Minas-Rio is lowered to US$28 - 31/t (FOB, wet basis), from the previous guidance of US$30 - 33/t. Updated production guidance for 2020 and 2021 will be provided in due course.

Read the article online at: https://www.globalminingreview.com/exploration-development/02012019/anglo-american-secures-step-3-licence-approval-for-minas-rio/

You might also like

Dyno Nobel

[Webinar] Breaking new ground in mine blasting

Dyno Nobel will be discussing the latest innovations for making mine blasting more productive and less costly. Register for free today »

 

MCA appoints new Chair

The Minerals Council of Australia (MCA) has today appointed a new Chair to lead the organisation.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Iron ore mining news