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AAL Anglo American Plc

2,693.50
32.00 (1.20%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  32.00 1.20% 2,693.50 2,681.00 2,684.00 2,776.50 2,646.50 2,750.00 5,183,657 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 126.82 35.89B

Anglo American Halts Minas Rio Power Line Installation After Ruling

13/04/2012 4:19pm

Dow Jones News


Anglo American (LSE:AAL)
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Anglo American PLC (AAUKY, AAL.LN) said Friday it has halted preparatory work for installation of a power line at its Minas Rio iron ore project in Brazil following a judge's decision to suspend the installation license for the line.

A spokeswoman for the diversified mining company said Anglo was notified Thursday of the decision by the Minas Gerais state public ministry to suspend the license that was issued by the Minas Gerais state government's environment agency on March 15. The company will appeal the public ministry decision, which affects the line that will supply power to the project's iron ore concentrator plant, the spokeswoman said.

Minas Rio is due to start producing iron ore at a rate of 26.5 million metric tons a year in second half 2013. The current suspension isn't expected to affect the overall timetable of the iron ore project, the spokeswoman said.

-By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086; diana.kinch@dowjones.com

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