Anglo American Committed Huge Investment in Brazil

SEATTLE (Scrap Monster): London-headquartered multinational mining company Anglo American plc has reached an agreement with the Brazilian state of Minas Gerais, committing local investment of up to $800 million by 2025. The deal was signed this Tuesday in London between visiting Minas Governor Romeu Zema and top company officials.

The above agreement expands the partnership between the company and the mineral rich state. It must be noted that the two parties already have agreements in place towards development of state highways in Medio Espinhaco. The current investment will mainly focus on future expansion of Minas Rio iron ore mine through major technological improvements.

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Anglo American Posted 24% Surge in Q3 Mine Production

The company had spent millions of dollars towards conservation of biodiversity in the area surrounding the Minas Rio iron ore mine. This included conservation of legally constituted forests in the region and restoration of additional forests. The mine had reported 22% surge in production during the quarter ended 30, September, 2021.

Alongside, the company also presented its Sustainable Mining Plan, which proposes investment in conservation of forests, improvement in education and health systems and energy efficient techniques.