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Anglo American would like to draw attention to the approval of the expansion of Cerrejon, its 33% owned coal mine in La Guajira, Colombia.
The US$1.3 billion expansion project will increase Cerrejon’s production and export capacity by 8 million tonnes per annum (mtpa) to 40 mtpa. Anglo American approved its US$437 million share of the project with joint venture partners, BHP Billiton and Xstrata, investing equal amounts. Construction of the P40 project is scheduled to commence in the third quarter of 2011 and be completed by 2013, with production progressively ramping up to reach 40 mtpa by the end of 2015. The P40 project will include increasing coal production and coal handling capacity at the Cerrejon mine and coal handling and ship-loading capacity at its 100% owned and operated port, Puerto Bolivar, including the construction of an additional loading berth. Improvements to road, rail and supply chain infrastructure are also within the scope of the project and a significant number of new jobs for Cerrejon employees and contractors will be created. |
