Anglo American Approves $1.7 Billion Grosvenor Coal Project
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Anglo American Plc, the third-largest miner of coal used in steel, approved the $1.7 billion Grosvenor project in Queensland as it seeks to triple Australian output.
Grosvenor, south of the company’s Moranbah North mine, will produce 5 million metric tons a year and a study is under way for an expansion, Anglo said today in a statement. The company had forecast initial production at the mine of 4.3 million tons.