Anglo American to Add 500,000 High-Value Carats to Marine Production on Commissioning of Benguela Gem
18 Março 2022 - 5:53AM
Dow Jones News
By Sabela Ojea
Anglo American PLC said Friday that it has commissioned the
Benguela Gem diamond recovery vessel, which will add 500,000 carats
of high value diamonds to annual marine production.
The FTSE 100 diversified mining company said that the
commissioning, which took place ahead of schedule and below budget,
has allowed it to increase annual marine production by around 45%
following an investment of around $420 million, of which around
$210 million is attributable to the company.
"The commissioning of the Benguela Gem... marks further progress
toward Anglo American's margin-enhancing organic growth of more
than 20% over the next three years," Chief Executive Mark Cutifani
said.
The company said that Benguela Gem is part of the fleet operated
by the joint venture between De Beers Group and the government of
Namibia.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 18, 2022 04:38 ET (08:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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