Anglo American: Vale Deal Comes at 'Unicorn Time' of Opportunities
Автор: Bloomberg Television
Загружено: 2024-02-22
Просмотров: 4108
Anglo American Plc CEO Duncan Wanblad says the deal with Vale SA to integrate the Serpentina iron ore deposit with its Minas Rio mine in Brazil comes at a "unicorn time" of opportunities. "We have an operating mine full of infrastructure. They have a resource, the quality of which is better than the resource that we are mining on, as it stands today. The combination of these two means that over time we get a better product for a much longer life of mine at a much lower capital cost. And I think that on that basis it's a hugely value accretive deal for both of the parties," he tells Bloomberg Television after the company reported a more than 30% fall in underlying earnings.
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