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Anglo American Says Court Rulings Affect Minas Iron Ore Project
Jun. 18, 2012 10:48AM PST
Base Metals Investing Bloomberg reported Anglo American Plc (LSE:AAL) said two rulings by local courts in Brazil may have “some sort” of impact on the timeframe of its Minas Rio iron-ore project.
Bloomberg reported Anglo American Plc (LSE:AAL) said two rulings by local courts in Brazil may have “some sort” of impact on the timeframe of its Minas Rio iron-ore project.
As quoted in the market news:
Minas Rio has suffered time and budget overruns since Anglo bought the assets in 2008. Anglo revised costs for the project, its largest, for at least a fourth time, to as much as $5.8 billion in December. Anglo is still scheduled to start production at Minas Rio in the second half of 2013.
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