More headaches for Anglo American

摘要

Skyrocketing costs are eating into the pocketbooks of miners across the industry, and Anglo American (AAL-L, AAUKY-Q) is no exception. The company announced that capital expenditure for its 100%-owned Minas-Rio iron ore project in Brazil will likely come in at the upper end of analyst expectations, or no less than US$8 billion - which is 40% higher than the previous estimate of US$5.75 billion.