Anglo American Seeks Increased Output with Grosvenor Coal Project

Bloomberg reported that Anglo American (LSE:AAL) approved the development of the Australia-based Grosvenor Coal Project.

As quoted in the market news:

Grosvenor, south of the company’s Moranbah North mine, will produce 5 million metric tons a year and a study is under way for an expansion, Anglo said today in a statement. The company had forecast initial production at the mine of 4.3 million tons.

Click here to read the full Bloomberg report.