Overview
Our strategy for our nickel business is to find or acquire, develop and operate long-life, low-cost mines in a socially and environmentally responsible manner.
Ferronickel ready to be shipped after the granulation process, from Codemin Brazil
Our nickel business comprises the wholly-owned Codemin mine in Brazil and the Loma de Níquel mine, in which we hold a 91% interest, in Venezuela. The world-class Barro Alto ferronickel project, also in Brazil, is due to begin production in early 2011 and is set to represent significant growth for us in this commodity.
The Barro Alto deposit, owned wholly by Anglo American, contains resources of 116.2 million tonnes, at an average grade of 1.54% nickel and will be treated over a 26 year period. Once running at full capacity it has the potential to double Anglo American’s nickel output.
