Anglo Amercian delivers first ore

MINING firm Anglo American yesterday reported the delivery of first ore on ship from its Minas-Rio iron ore project in Brazil.

The first cargo of more than 80,000 tonnes of iron ore for the pellet feed market has been loaded onto a chartered vessel at the dedicated export terminal at the port of Acu in Rio de Janeiro state and the vessel is currently en route to customers in China. The Minas Rio mine has been under development since 2009 after Anglo bought it for $4.6bn (£2.9bn) from MMX in 2008.

Chief executive Mark Cutifani said the mine had an “exceptional resource in terms of scale and ore quality”. He added: “We believe that the outlook for our particular premium product remains attractive, despite the current weakness in the iron ore price, and that the fully integrated operation of Minas-Rio will enable us to sustain our low operating cost position.”