| Thu 18 Aug 2011, 8:01 | | AGL - Anglo American plc - Anglo American announces investment in Cerrejon |
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AGL
ANAAL
AGL - Anglo American plc - Anglo American announces investment in Cerrejon
expansion project
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
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 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
Tel: +27 (0)11 638 2592 8607
About Cerrejon
Cerrejon 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
18 August 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 18/08/2011 08:01:14 Produced by the JSE SENS Department.
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