Anglo American decides not to proceed with deal to acquire 58.9% interest in Revuboè project
28 March, 2013
Anglo American plc ("Anglo American") announces its decision not to proceed with the acquisition of a 58.9% interest in the Revuboè metallurgical coal project in Mozambique.
As announced on 24 July 2012, the transaction was subject to a number of conditions. Those conditions have not been satisfied and Anglo American has decided not to proceed with the transaction.
Anglo American expects to continue with its objective of establishing a position in the emerging metallurgical coal basin in Mozambique.