BUSINESS TURNAROUND
Anglo to boost coal capacity in Australia
Hong Kong — Anglo American is set to boost metallurgical coal capacity at a mine complex in Australia 25% as the business once destined for the chopping block turns into a cash machine for the century-old miner. The company plans to increase processing capacity to 20-million from 16-million tonnes a year at a preparation plant that processes coal from the Moranbah and Grosvenor underground mines, Tyler Mitchelson, CEO of Anglo’s metallurgical coal unit, said. A project study was in the early stages and optimisation of the existing facilities was expected to be completed over the next few years. "I don’t anticipate making any material investment into the mining complex, it’s more about getting improvements out of the assets," said Mitchelson. "We think we can get very significant value out of there and that’s really our focus right now." Anglo’s metallurgical coal division was the biggest earner for the producer in 2017, just two years after the unit — along with its iron ore busines...
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