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Anglo American Considers Partner for Flagship Iron Ore Project
Feb. 06, 2013 11:32AM PST
Base Metals Investing Reuters reported that Anglo American plc (LSE:AAL) is considering partnering up with another company to run its flagship Minas Rio iron ore project, which is located in Brazil. The project is currently struggling after being hit with delays and cost overruns.
Reuters reported that Anglo American plc (LSE:AAL) is considering partnering up with another company to run its flagship Minas Rio iron ore project, which is located in Brazil. The project is currently struggling after being hit with delays and cost overruns.
As quoted in the market news:
“If it makes economic sense we will pursue it. We have been talking about a partnership for some time. We really need to establish what that value is,” [CEO Cynthia] Carroll told Reuters.
She declined to comment on any ongoing discussions.