Monday, June 18, 2007

Anglo to buy more mine assets

(Reuters) - The world's third biggest mining group Anglo American will expand production and buy more assets to meet strong demand for raw materials from China and India, its chairman said on Monday.

Anglo, traditionally more conservative than sector peers such as Xstrata, said that in a rapidly consolidating mining sector, it would be a buyer rather than one of the companies that is bought.


Read more at Reuters Africa

No comments: