Reuters reported Anglo American (LSE:AAL) plans to build a 450 MW power plant in South Africa to supply electricity to its platinum subsidiary Anglo American Platinum.
As quoted in the market news:
The paper quoted the head of the company’s coal division in South Africa Norman Mbazima as saying the plant would cost more than $1 billion and that seven parties had bid to build the plant near Witbank in eastern Mpumalanga province.
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