Anglo American resumes iron-ore operations at Minas-Rio
Share:
LONDON (Reuters) - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure and said it expected an underlying EBITDA loss of $320 million (253 million pounds) for 2018 as a result of the outage. Provided it receives the necessary permit, Anglo American said it expected operations to ramp up to 1.2 million tonnes of iron ore per month and to produce approximately 16-19 million tonnes of iron ore in 2019.The expected EBITDA..