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    coal investing

    Anglo Puts Brakes on Power Project

    Investing News Network
    Apr. 30, 2013 09:43AM PST
    Industrial Metals

    Mining Weekly reported that a power project that was being facilitated by Anglo American has been deferred, in light of the recent downturn in the platinum sector

    Mining Weekly reported that a power project that was being facilitated by Anglo American has been deferred, in light of the recent downturn in the platinum sector

    As quoted in the Mining Weekly report:

    The plan was for group company Anglo American Platinum (Amplats), as the sole offtaker of all the electricity from the proposed 450 MW Khanyisa power project, to carry the power purchase agreement (PPA) on its balance sheet as a $1-billion finance lease.

    To view the whole Mining Weekly report, click here.

    coal investinganglo american platinum
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