Anglo American to Build Energy Plant For Platinum Mine

Reuters reported Anglo American (LSE:AAL) plans to build a 450 MW power plant in South Africa to supply electricity to its platinum subsidiary Anglo American Platinum.

As quoted in the market news:

The paper quoted the head of the company’s coal division in South Africa Norman Mbazima as saying the plant would cost more than $1 billion and that seven parties had bid to build the plant near Witbank in eastern Mpumalanga province.

Click here to read the full Reuters report.