Anglo American Halts Minas Rio Power Line Installation After Ruling
April 13 2012 - 10:19AM
Dow Jones News
Anglo American PLC (AAUKY, AAL.LN) said Friday it has halted
preparatory work for installation of a power line at its Minas Rio
iron ore project in Brazil following a judge's decision to suspend
the installation license for the line.
A spokeswoman for the diversified mining company said Anglo was
notified Thursday of the decision by the Minas Gerais state public
ministry to suspend the license that was issued by the Minas Gerais
state government's environment agency on March 15. The company will
appeal the public ministry decision, which affects the line that
will supply power to the project's iron ore concentrator plant, the
spokeswoman said.
Minas Rio is due to start producing iron ore at a rate of 26.5
million metric tons a year in second half 2013. The current
suspension isn't expected to affect the overall timetable of the
iron ore project, the spokeswoman said.
-By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086;
diana.kinch@dowjones.com
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