Anglo shopping for African, Australian iron ore assets
Head of business development for iron ore and coal, James Harman, says the company is looking to buy iron ore mines in Australia and Africa to increase its footprint in the sector. Posted: Tuesday , 20 Mar 2012 RELATED STORIES Anglo American dashes hopes for ‘special dividend' Output falls at most Anglo American ops in 2011 although big improvement Q4 Anglo American sues Codelco over breach of contract Anglo American's Kolomela iron ore mine delivers first ore Anglo American mulls sale of Amapa iron ore stake - sources Anglo American names new Brazil iron ore ops boss
maybe they can have marampa for $500 million? or as i said earlier - the lot for $700.
PERTH (Reuters) -
Anglo American said on Tuesday it was looking to acquire iron ore assets in Australia and Africa as it strives to increase its footprint in the sector.
"We are on the lookout for value-adding iron ore opportunities," James Harman, head of business development for iron ore and coal for Anglo American told an industry conference, adding that Australia and Africa were its preferred locations.
Anglo American will be producing around 80 million tonnes of iron ore per year from its existing operations in Brazil and South Africa by 2014, Harman said.
