Minas-Rio final injunction lifted

RNS Number : 2079U

Anglo American PLC

21 December 2012

 



21 December 2012
Anglo American clears final injunction to construct Minas-Rio power transmission line

Anglo American plc ("Anglo American") announces that it has secured the removal of the third and final major injunction that has affected the construction of its 26.5 mtpa Minas-Rio iron ore project in Brazil.

As announced in November 2012, work has continued to resolve a number of licensing challenges facing the project. These included three injunctions affecting construction activities at the beneficiation plant and the installation of an electricity transmission line, and land access issues affecting the 525 km pipeline route.

Following the satisfactory removal of two of the three injunctions during September 2012, enabling construction of the primary crusher and conveyor system at the mine site and pre-stripping work to resume, Anglo American has now secured the removal of the third injunction, which has affected the installation of the 90km electricity transmission line and work will begin immediately.

Work is continuing to complete the land access programme for the pipeline. Construction progress is on schedule in relation to the elements of the project programme that have been unaffected by legal or land access constraints.

Anglo American will provide a further update when it reports its preliminary results for 2012 on 15 February 2013.

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone]		UK Caroline Crampton Tel: [phone]
Emily Blyth Tel: [phone]

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds.  Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

 

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