Anglo American Brazil to invest up to $250 million in Minas-Rio

Wednesday, 03 March 2021 21:47:04 (GMT+3)   |   Sao Paulo
       

Anglo American Brazil plans to invest between $200 to $250 million at its Minas-Rio site in 2021, according to a media report by Diario do Comercio.

The investment is part of the company’s $1 billion investment to complete phase 3 of its Minas-Rio project, a 529­km­long (328­mile­long) pellet feed-transporting slurry pipeline project.

The $200-250 million investment should also help Anglo American Brazil to increase iron ore output at Minas-Rio. Anglo American Brazil expects to reach a capacity of 26.5 million mt by 2022.

Despite the uncertainties in the domestic and global markets due to Covid-19, Anglo American Brazil expects increased iron ore demand.


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