Kumba signs agreement with Anglo American

Thursday, 21 October 2004 09:20:09 (GMT+3)   |  
       

Kumba signs agreement with Anglo American

According to the statement released by Kumba Resources, the company has signed an agreement with Anglo American Plc to develop Queensland coking coal mine. In line with the deal, Anglo Coal Australia (Anglo Coal) and Kumba Australia Pty Ltd (Kumba) will develop the coking coal mine in Queensland, Australia. Moreover, the deal covers joint development of Kumba's Moranbah South Mining Development Lease (MDL) and Anglo Coal's Grosvenor Lease. Anglo Coal will fund the exploration project, which will commence soon.

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