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Anglo American mine springs a leak

Anglo American mine springs a leak

Amid already dampened sentiment for mining stocks, investors in Anglo American (AAL) returned from their Easter break to learn of the lengthy possible suspension of the group’s Minas-Rio operation in Brazil. Production from the iron ore mine, which has been steadily ramping up since 2014, was halted on 29 March, and will be offline for up to three months, after a “minor leak” was identified in a pipeline that carries iron ore in slurry form to an export terminal.

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