The Conversation (0)
Anglo American’s New Mine Plan Scales Back Drayton South
Jan. 07, 2015 10:21AM PST
Industrial Metals InvestingMining Weekly reported that the recently submitted third mine plan for Anglo American plc’s (LSE:AAL) Drayton mine extension would wipe away AU$7 billion of coal revenue, and would also bring down the life of the operation from 27 years to 15 years.
Mining Weekly reported that the recently submitted third mine plan for Anglo American plc’s (LSE:AAL) Drayton mine extension would wipe away AU$7 billion of coal revenue, and would also bring down the life of the operation from 27 years to 15 years.
As quoted in the market news:
The major was currently developing the new mine plan for the Drayton mine extension, dubbed Drayton South, to incorporate objections by the New South Wales Planning Assessment Commission (PAC).
The PAC has twice refused Anglo American’s application to expand the Drayton operation, stating in its October assessment that the development would negatively affect horse breeding operations.