ANGLO AMERICAN PLC
8 September 1999
Anglo American plc is pleased to announce the approval of expenditure of
US$240 million at its wholly owned zinc/copper operation, Hudson Bay Mining
and Smelting Company, in Canada. The expenditure will include the development
of the 777 ore body and the expansion and upgrade of existing surface
processing facilities including a new zinc tankhouse.
Current estimates are that this will extend the life of Hudson Bay to 2016 and
it is anticipated that a significant portion of the expenditure will be funded
by Hudson Bay's own cash flow.
Commenting on the decision, James Campbell, Chairman of Anglo American plc's
base metals division, Anglo Base, said: 'This development together with the
current commissioning of the Lisheen zinc operation in Ireland and the well
advanced feasibility studies for the Gamsberg and Skorpion projects in
southern Africa will ensure that Anglo American will be an important player in
the zinc market in a few years time.'
For further information please contact:
London
Anglo American plc.
Michael Spicer Nick von Schirnding
+44 171 698 8858 (w) +44 171 698 8540 (w)
+27 83 227 1319 (m) +44 7771 737 055 (m)
Misha Nagelmackers
+44 171 698 8567 (w)
Johannesburg
Anne Dunn Marion Brower
+27 11 638 4730 (w) +27 11 638 3001 (w)
+27 82 448 2684 (m) +27 82 895 0698 (cell)
AA plc website: www.angloamerican.co.uk
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.