Anglo american targets iron ore mines in brazil business. Anglo americans troubled brazil mine finally ships iron. Anglo american aauk enters into discussions to acquire. Minasrio is an iron ore mining project in brazil being developed by anglo american. Anglo ferrous metals minas rio project investor presentation brasilia. The restart of the integrated iron ore operation follows an extensive and detailed technical inspection of the 529km pipeline that carries the iron ore in slurry form from the mine to the port, the preemptive repair of certain sections of the pipeline, and receipt of. While the mining giant has maintained its fullyear production targets for diamonds, platinum and coal, as well as iron ore production at its sa mines, its revised production at minasrio down to 3 million. The mines development has been underway since 2009 after anglo had.
Anglo american ready to ship from minasrio mine by end of. Update on spills at anglo americans minas rio mine in. V2documentsapproachandpoliciessocialhrpolicydocumentenglish. It is owned and operated by anglo ferrous, a subsidiary of londonlisted mining transnational anglo american plc. Anglo american sells brazilian amapa mine to zamin. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this document comes should. Anglo american plcs iron ore and diamond output rose in the first quarter after production increased at its minas rio mine in brazil and the gem market improved. Minasrio iron ore mines 2018 production has ceased, says anglo american brazilian facility is not expected to produce any more volumes this year following a suspension due to pipeline leaks last month, a negative for shipping due to lost longdistance tonnes. Seamus french, ceo of bulk commodities at anglo american, said. Ahead of the site visit to our minasrio iron ore operation in brazil, please take. Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Anglo american plc anglo american announces the resumption of operations at its minas rio iron ore operation in brazil. Production is up 4%1 for the quarter led by the continued successful rampup at minas rio in brazil.
The main iron ore is concentrated in a medium unit of the serra do sapo formation which corresponds to a large banded iron formation. Anglo american resumes minasrio iron ore operation. Anglo american retained ausenco to perform a full range of engineering services on the minasrio iron project formerly the mmx iron ore pipeline system. As well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. Another day, another big writedown on a mega mining project. It is the worlds largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. This presentation has been prepared by anglo american plc anglo american and comprises the written materialsslides for a presentation concerning anglo american.
Anglo american plc production report for the fourth quarter ended 31 december 2019 mark cutifani, chief executive of anglo american, said. Anglo american acquired 49% of the minasrio project as part of its original investment announced in april 2007, which included 49% of llx minasrio. Find out about the progress of our minasrio iron ore project in brazil, as of july 2014. This presentation has been prepared by anglo american plc anglo american and comprises the written materialsslides fora presentation concerning anglo american. Anglo american iron ore production jumps as minas rio. Minas rio in the 2nd quartile of the cash cost curve 250 1,250 50 750 1,500 150 200 0 0 500 1,000 2,250 100 1,750 2,000 mt dry ore minas rio source. Minasrio iron ore mines 2018 production has ceased, says. Anglo american counts cost of delays at brazil iron ore project. Anglo american sells brazilian amapa mine to zamin reuters. The company said it would take a posttax charge on its minasrio iron ore project in brazil because production costs at the site had skyrocketed. Briefing on anglo americans minas rio iron ore mine in brazil the minas rio project is an iron ore operation in the state of minas gerais in brazil. It is 100% owned by anglo american through its subsidiary, iron ore brazil.
And while our diamond business braces itself for a widening. Anglo american plc is a british multinational mining company based in johannesburg, south africa and london, united kingdom. One of the largest angloamerican investments in the world minasrio and. It is the worlds largest producer of platinum, with around 40% of world output. Minasrio is an iron ore mining project in minas gerais state, brazil. Minas rio, which is a highquality iron ore deposit with an average of 68 percent iron content, has the potential to produce 80 million tonnes per year. Anglo american is finally shipping iron ore from its troubled minasrio operation in southeastern brazil, but its not going to be very easy to get a return on the capital we invested.
Anglo american to write down value of mining assets by up. After setbacks, anglo american counting on turnaround for. Anglo american counts cost of delays at brazil iron ore. On the eve of anglo americans 2018 agm on 8 may, threats continue against critics of its minas rio iron ore mine in brazil. The adoption of metsos vertimill grinding mills in anglo americans minasrio system resulted in a 30% reduction in electric power consumed during regrinding operations. Mining matters anglo american at anglo american, mining. Anglo american purchased 49% of the project from mmx in 2007 and the remaining 51% in 2008. Minasrio update, july 2014 anglo american find out about the progress of our minasrio iron ore project in brazil, as of july 2014. We have delivered our full year production targets across the business. Anglo american eyes sale of brazil iron ore mine marketwatch. The first cargo of more than 80,000 tonnes of iron ore for the pellet feed market was loaded onto a. Reports differ about the amount of iron ore slurry released in the two incidents.
Designing and implementing an integrated project management system at minasrio a on may 1, 20, sixteen months after his appointment as ceo of anglo americans iron ore brazil operations on january 1, 2012, paulo castellari realized that he had outlasted each of his four predecessors in the job. Located in the brazilian state of minas gerais, minas rio is a fully integrated export iron ore operation, comprising mine, beneficiation plant, a 529km pipeline and dedicated export facility at the port of acu. Minas rio has a long asset life of 48 years and produces a high grade, premium quality product for our customers, supporting lower emissions in the steel industry. Briefing on anglo americans minas rio iron ore mine in. Anglo american facing more problems at minasrio reuters. Aal is on pace to ship the first iron ore from its minasrio project by the end of 2014. The video showcases the progression of the mining operation from november 20 until july 2014 as well as reveal the current state of construction on the project. As part of our iron ore brazil portfolio, the minas rio project is a tier one resource and is expected to significantly enhance anglo american s position in the highly attractive global seaborne iron ore market.
It is 100 % owned by anglo american through its subsidiary, iron ore brazil. Minasrio is anglo americans biggest development project, and its bet on the future of iron ore, but so far it only accounts for a small percentage of its overall profits as it is still in ramp. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding anglo. The project was bought by anglo american plc, which is facing high costs. This is an important milestone for our minasrio iron ore operation in brazil towards reaching its full potential. Anglo american suspends troublesome minasrio iron ore. The project has an integrated system comprising openpit mines, a beneficiation plant, a 529km slurry pipeline, filtering plant and an export terminal at the atlantic port of acu. Anglo americans existing iron ore assets have the potential to produce in excess of 150mtpa by 2016 current production projects in implementation sep, amapa approved projects sishen south, minasrio conceptual projects sep2, minasrio expansion, amapa expansion, others source.
Minasrio update, july 2014 anglo american angloamerican. Anglo has released a visual update on the development of its minasrio iron ore project in brazil. Crus estimate of fob costs include mining, processing, transportation and general and admin. Anglo americans minasrio iron ore mine in brazil appears to be the only blemish in an otherwise upbeat firstquarter production report. Metso vertical grinding technology reduces energy consumption by 30% in anglo americans regrinding circuit. At the end of june, we had completed 95% of the project required to achieve this objective, said ceo mark cutifani in the interim results for h1 2014. In october, we announced first ore on ship from our minasrio iron ore operation in brazil. Commissioning of the anglo american minasrio iron concentrate pipeline author jay chapman, rafael c. Anglo american suspended its controversial minasrio iron ore mine in brazil for up to three months, to conduct checks on the pipeline that is the sole method for delivering the highly abrasive. V2documents approachandpoliciessocialhrpolicydocumentenglish. Competent persons are lodged with the anglo american plc company secretary and listed in the ore reserve and mineral resource report 2014 along with their af. At last years agm representatives of the churches and mining network from brazil revealed that threats had been made against the projects critics. It is one of the worlds largest mining projects, and is initially expected to export 26.
317 231 8 176 1342 820 703 1024 1087 851 682 114 148 749 315 887 1516 1419 655 1496 862 9 1056 1498 1369 123 585 627 1335 32 173 1205 959 1153 204 253 1384 1381