Anglo American Boosts Nickel Output as It Chases Norilsk, Vale
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Anglo American Plc, the diversified mining company with about $70 billion of expansion plans, aims to more than quadruple nickel output this decade to better compete with larger rivals OAO GMK Norilsk Nickel and Vale SA.
The London-based company may produce as much as 180,000 metric tons by 2020 as it ramps up output at its Barro Alto project in Brazil and weighs investing another $6 billion in two new ventures in the country, Walter De Simoni, chief executive officer of Anglo’s nickel unit, said yesterday in an interview.