Anglo American Gets Approval On Australian Coal Mine

Reuters reported that Anglo American (LSE:AAL) was cleared to build its $1.7 billion coal mine in Queensland.

As quoted in the market news:

The Grosvenor project, designed to produce 7 million tonnes a year of high quality coking coal, is crucial for Anglo American to meet a target of tripling its coking coal production by 2020, the company said.

Click here to read the full Reuters report.