Anglo American spends big in Mozambique

Anglo-American, the FTSE 100 mining giant, is to spend over half a billion dollars on a coal project in Mozambique.

Anglo-American, the FTSE 100 mining giant, is to spend over half a billion dollars on a coal project in Mozambique.

Its purchase of a 58.9% stake in the Revubo metallurgical coal operation will cost a total of $555m, the seller is the Talbot Estate.

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