| Thu 23 Jun 2011, 11:40 | | AGL - Anglo American plc - Anglo American announces prefeasibility study for |
|
AGL
ANAAL
AGL - Anglo American plc - Anglo American announces prefeasibility study for
further expansion at Collahuasi
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Anglo American announces prefeasibility study for further expansion at
Collahuasi
Anglo American plc draws attention to the announcement made by Collahuasi, its
44% owned copper mine in Chile, relating to the approval of the prefeasibility
study for the next expansion phase of this world class copper operation. The
translated text of that announcement is copied below:
"The Board of Directors of Compania Minera Dona Ines de Collahuasi SCM has
given its approval for the company`s technical teams to commence a
prefeasibility study into a major expansion of Collahuasi, referred to as
Phase III. This project would mean a significant increase in the concentrator
plant`s processing capacity and the construction of associated infrastructure.
The project envisages the construction of one or two new grinding lines,
allowing Collahuasi to process between 270,000 and 380,000 tonnes of ore a
day. This increase in production from the current annual average of
approximately 500,000 tonnes of copper to 800,000 tonnes with a single line
expansion, and to more than one million tonnes with both lines, would begin
from the project`s anticipated commissioning in 2017.
A decision will be taken in the second half of this year on whether to
complete studies on the options of either one or two new grinding lines. The
prefeasibility study is scheduled for completion in the first half of 2012.
Collahuasi has recently announced approval to increase the processing capacity
of its existing concentrator plant to 160,000 tonnes of ore per day by mid-
2013.
"This expansion project is aligned with Collahuasi`s growth plan that seeks to
increase annual output to more than one million tonnes of copper supported by
Collahuasi`s significant Mineral Resource of 7.1 billion tonnes at an average
grade of 0.82%," said Giancarlo Bruno, Collahuasi Chief Executive Officer."
Notes to editors:
Compania Minera Dona Ines de Collahuasi SCM ("Collahuasi") is Chile`s third
largest copper mine and produced 504,043 tonnes of fine copper in 2010. Its
shareholders are Anglo American plc (44%), Xstrata Plc (44%) and a Japanese
consortium headed by Mitsui (12%).
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
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Caroline Metcalfe
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
South Africa Leisha Wemyss
Pranill Ramchander Tel: +44 (0)20 7968 8607
Tel: +27 (0)11 638 2592
23 June 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 23/06/2011 11:40:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
