[miningmx.com] – ANGLO American has shut its Mozambique office some 18 months after pulling out of a $380m deal to buy control of the Revuboe coking coal prospect in the company, said Bloomberg News citing the UK-listed miner.
“As we said at the time of our half-year results, we have been reviewing our offices around the world as we seek to reduce our overhead costs across the group,” Pranill Ramchander, a spokesman for Anglo, told Bloomberg News.
“As part of that process, we took the decision to close our representative office in Maputo,” he said. The office in the Mozambican capital shut on Wednesday – a move that is in line with Anglo’s global restructuring programme aimed at stemming costs.
Anglo had said after pulling out of Revuboe in 2013 that it expected “… to continue with its objective of establishing a position in the emerging metallurgical coal basin in Mozambique”.
