Anglo Ferrous granted right to mine at Pedra Branca do Amapari

Brazil's minerals production department (DNPM) has officially given multinational miner Anglo American (LSX: AAL), through its Anglo Ferrous Brazil subsidiary, possession of iron ore mines in Pedra Branca do Amapari, Amapá state, DNPM said.
The document gives Anglo Ferrous the right to process iron ore in the Pedra Branca do Amapari district. The mines in question are part of the Amapá iron ore system.

The approval is an important step in the consolidation of activities regarding Pedra Branca mineral reserves, according to the director of Anglo Ferrous' Amapá iron ore system, José Luiz Martins.

"This gives us the security to continue investing in Amapá and therefore increase iron ore production in the state," Martins was quoted as saying by local press.

Anglo American took control of the Amapá system when it purchased Brazilian miner MMX's IronX division in August 2008.

Publication: Business News Americas - English News
Provider: Business News Americas
September 1, 2009