ERM was retained by Anglo American to assess permitting processes and associated financial and schedule implications for an iron ore acquisition
ERM was retained by Anglo American to assess permitting processes and associated financial and schedule implications for an iron ore acquisition
2 PagesCase Study: Anglo American Background ERM was retained by Anglo American to assess permitting processes and associated financial and schedule implications for an iron ore acquisition in Brazil Our Approach With 162,000 staff and US$35.67 billion in revenue, Anglo American is a major force in mining and natural resources. Minas-Rio is an integrated Brazilian iron ore project comprising deposits in the state of Minas Gerais, slurry pipelines and the development of a terminal in the state of Rio de Janeiro to handle capesize vessels. Anglo American acquired 49 percent of this project in April 2007. In March 2008, it gained the rest as well as a 70 percent interest in MMX Amapá. Amapá is an iron ore project which comprises a mine, railroad and port terminal in the municipality of Santana. The
