Anglo American delivers first iron ore from Brazil project - CNBC Africa

Anglo American delivers first iron ore from Brazil project


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Anglo American delivers its first iron ore on ship (FOOS) from its Minas-Rio project in Brazil. PHOTOS:

The first cargo contained 80,000 tonnes of iron for the pellet feed market and was loaded onto a chartered vessel at the port of Açu in Rio de Janeiro. The vessel is currently on route to customers in China.

“Delivering FOOS from Minas-Rio is a remarkable achievement from our team and is one of our three major commitments to our shareholders this year. Minas-Rio has an exceptional resource in terms of scale and ore quality, producing some of the highest quality pellet feed available for our customers across the Middle  East and Asia, providing us with a clear competitive advantage,” said Mark Cutifani, chief executive of the mining group [DATA AGL:Anglo American plc]. 

“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 – from mine to port – will enable us to sustain our low operating cost position over the long term.”

(READ MORE: Anglo American battered by platinum strike)

Paulo Castellari, chief executive officer of Anglo American’s Iron Ore Brazil business added that the group will be focusing on achieving a safe ramp-up to 26.5 million tonnes per annum (Mtpa) capacity over the next 18 to 20 months in line with the regular cycle of licence and permit renewal required for such a large scale operation.

“I am delighted that we have shipped our first ore from Minas-Rio and that is testament to the incredible effort and dedication of the entire team, including our contractors, JV partners and suppliers, and the support of the regulatory authorities and government in Brazil over many years,” he added. 

(READ MORE: We are still committed to S.Africa: Anglo American)