Anglo American splashes $1.7bn on new mine

Mining giant Anglo American is to invest $1.7bn in a Queensland site in a bid to triple production of metallurgical coal from its Australian assets by 2020.

Mining giant Anglo American is to invest $1.7bn in a Queensland site in a bid to triple production of metallurgical coal from its Australian assets by 2020.

The company hopes its Grosvenor coal project in the Bowen Basin of Queensland, Australia, will yield 5m tonnes of minerals per annum over a 26 year period.

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