AngloAmerican Looks to Purchase Iron Ore Mines

Reuters reported Anglo American (LSE:AAL) said it is looking to purchase iron ore mines in Australia and Africa.

As quoted in the market news:

AngloAmerican will be producing around 80 million tonnes of iron ore per year from its existing operations in Brazil and South Africa by 2014, Harman said.

Click here to read the full Reuters report.