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Anglo American to invest 1.7 bln dlr in Chilean mine AFP

Wed, 28 Nov 2007 04:12 PM
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Anglo American to invest 1.7 bln dlr in Chilean mine
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British mining group Anglo American said Wednesday it would invest 1.7 billion dollars (1.2 billion euros) to boost copper output at its Los Bronces mine in Chile to 400,000 tonnes a year by 2011 from 226,000.

At the same time production of molybdenum, a heat-resistant metal used in the manufacture of aircraft parts and industrial motors, would increase from 2,123 to 5,400 tonnes a year.

Los Bronces is an open-face mine in the Andes Mountains northeast of the Chilean capital Santiago.


Copyright 2008, by AFP . All rights reserved


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