Anglo American has signed a deal with the state government of Minas Gerais, in Brazil, to invest 4.4 billion Reais ($797 million) in its Minas-Rio iron ore unit by 2025, the company said on Tuesday November 9.
The agreement includes technological modernization work, construction work and all actions needed for future capacity expansions, it added. Minas Gerais, which is in southeast Brazil, will provide support and general aid to the miner to achieve those goals.In addition to that partnership, Anglo American presented its goals for sustainable mining,...