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Anglo American Submits Third Plan to Develop Drayton South Mine
Jan. 05, 2015 09:02AM PST
Industrial Metals Investing
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.
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.