Approval of investment in Cerrejon expansion

RNS Number : 5681M

Anglo American PLC

18 August 2011

 



18 August 2011

Anglo American announces investment in Cerrejon expansion project

Anglo American would like to draw attention to the approval of the expansion of Cerrejon, its 33% owned coal mine in La Guajira, Colombia. The US$1.3 billion expansion project will increase Cerrejon's production and export capacity by 8 million tonnes per annum (mtpa) to 40 mtpa.

Anglo American approved its US$437 million share of the project with joint venture partners, BHP Billiton and Xstrata, investing equal amounts.

Construction of the P40 project is scheduled to commence in the third quarter of 2011 and be completed by 2013, with production progressively ramping up to reach 40 mtpa by the end of 2015.

The P40 project will include increasing coal production and coal handling capacity at the Cerrejon mine and coal handling and ship-loading capacity at its 100% owned and operated port, Puerto Bolivar, including the construction of an additional loading berth.

Improvements to road, rail and supply chain infrastructure are also within the scope of the project and a significant number of new jobs for Cerrejon employees and contractors will be created.

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone]		UK Leng Lau Tel: [phone]
Emily Blyth Tel: [phone]		Caroline Metcalfe Tel: [phone]
South Africa Pranill Ramchander Tel: [phone]		Leisha Wemyss Tel: [phone]

About Cerrejon

Cerrejón is an integrated mining and transport complex in La Guajira, a department in the northernmost section of Colombia. It includes a thermal coal open-pit mine that produces 32 million tonnes a year, a railroad that is 150 kilometres long, and a maritime port able to receive ships of up to 180,000 tonnes dead weight. Cerrejon is an incorporated joint venture owned in equal shares by Anglo American, BHP Billiton and Xstrata.

 

About Anglo American

Anglo American plc 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 precious metals and minerals - in which it is a global leader in both platinum and diamonds; base metals - copper and nickel; and bulk commodities - iron ore, metallurgical coal and thermal coal. 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 and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia. www.angloamerican.com

 

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