[miningmx.com] – ANGLO American’s Brazil iron ore project, Minas Rio, could add $560m to the group’s earnings, said Bloomberg News citing a report by Pau Gait, an analyst for Sanford C Bernstein.
“We consider successful execution on Minas-Rio as the key determinant of a potential re-rating of Anglo American and the long-term success for the company,’ Gait said.
The mine’s contribution to earnings before interest, tax depreciation and amortisation by 2016 is based on an iron ore price of $80 a ton and freight rates of $20/t.
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