Anglo moves into Mozambique

摘要

Anglo American pic has agreed to buy a majority stake in a coal project in Mozambique for $US555 million, snapping up mining tycoon Ken Talbot's share of the undeveloped Revuboe deposit to secure a foothold in a region emerging as a major producer.Anglo has long coveted an asset in Mozambique, which is expected to become a key source of sought-after premium, hard coking coal, used in steelmaking. It has been reported for months to be in talks with the estate of the deceased mining magnate.