Anglo Puts Brakes on Power Project

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.

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