Anglo American Submits Third Plan to Develop Drayton South Mine

Australian Mining reported that Anglo American plc (LSE:AAL) has submitted its third plan to develop its Drayton South mine. The company’s two previous attempts were rejected by the Planning Assessment Commission.

As quoted in the market news:

Anglo’s most current proposal will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.

The scaled-back mine plan will also provide a significant buffer between the Coolmoore and Darley horse studs, the company said.

CEO of Anglo’s coal business Seamus French stated:

Anglo American will develop a new project to provide employment and operational continuity for the Drayton workforce, address the Planning Assessment Commission’s October 2014 report and deliver world-class environmental management practices around rehabilitation, noise, dust, visual amenity, proximity to neighbours and equine health.

Click here for the full Australian Mining report