Anglo American Makes $250 Million Investment to Increase Production at Minas-Rio System

Written by Valdemar Medeiros

Published on 04/03/2021 at 17:55

Updated on 04/03/2021 at 17:59

mineração Anglo American

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Anglo American’s Investments Are Part of Phase 3 of the Minas-Rio System Operation and Maintenance Project in Conceição do Mato Dentro

Mining company Anglo American will invest around US$ 200 million to US$ 250 million in the Minas-Rio system in Conceição do Mato Dentro, in the Médio Espinhaço region. The investments are part of the US$ 1 billion package allocated to phase 3 of the project, aimed at its operation and maintenance, as well as improvements in safety and increased production in the mines.

Demand for Iron Ore and Nickel and Anglo American Investments

According to the CEO of the Brazilian subsidiary of Anglo American, Wilfred Bruijn, even though there are still uncertainties regarding the global and national economic scenario due to the Covid-19 pandemic, it is expected that in 2021 demand will remain strong for both iron ore and nickel, with Goiás being the center of these operations.

“We have noticed, especially since the second half of last year, a global increase in commodities, not just those of Anglo American. In the specific case of iron ore, China remains the great engine, and our product has the appeal of high grade (67%) with low impurities. Therefore, we foresee at least a first semester with very high demand”, said Bruijn.

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Anglo American’s Production Outlook

According to Bruijn, the expectation is that there will be a 5% increase compared to the previous year regarding iron ore and nickel production.

In 2020, Anglo American produced around 24 million tons of iron ore within the Minas-Rio system, which is a 4% increase compared to what was produced in 2019. Thus, in 2021, production is expected to be 25 million tons or more.

“The investments this year include increasing productivity and contribute to the expectation of adding volumes to production”, reported Bruijn.

Anglo American Makes $250 Million Investment to Increase Production at Minas-Rio System

Anglo American’s Investments Are Part of Phase 3 of the Minas-Rio System Operation and Maintenance Project in Conceição do Mato Dentro

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