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Major projects

We continue to increase our position in the iron ore market with extensive, high quality resource bases in South Africa and Brazil. Future growth will come from Minas-Rio (including expansion potential).

Minas-Rio mine Overall capex: $8,8bn
Country Brazil
Ownership 100%
Incremental production 26.5 Mtpa
iron ore pellet feed (wet basis)
Full project capex $8,8bn(a)
First production H2 2014

The Minas-Rio iron ore project in Brazil is expected to produce 26.5 Mtpa (wet tonnes) of high quality, low contaminant iron ore pellet feed over a current Mine Life of 28 years. Construction continues on the project, with significant progress made towards delivering first ore on ship by the end of 2014. At the mine site, the environmental licence for mine access was granted and pre-stripping activities have been completed. At the beneficiation plant, the tailings dam environmental licence was granted and reservoir filling commenced in May as planned. The residual land access constraints associated with the transmission line to the beneficiation plant were resolved and all the power transmission line towers have now been erected. More than 89% of the 529 km pipeline has been installed (as at November 2013), with the land access virtually concluded. At the port, construction is continuing as scheduled with good progress on both the onshore and offshore installations including the breakwater.

(a) Capital expenditure, post acquisition of Anglo American’s shareholding in Minas-Rio, includes 100% of the mine and pipeline, and an attributable share of the port, as modified by the agreement with LLXSA and LLX Minas-Rio.

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