Anglo American shrinks trading unit as part of major restructuring
The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.
A $90 million fleet of Komatsu mining equipment, delivered to Macarthur Coal’s Moorvale mine in central Queensland in late 2008, has helped the mine achieve record production levels as it bounces back from the effects of the Global Financial Crisis (GFC). The fleet consists of two PC5500 excavators, ten 830E dump trucks and three D475A-5 dozers, along with ancillary equipment such as graders and water carts. The equipment is owned by the Coppabella Moorvale Joint Venture, in which Macarthur Coal owns 73.3%, and is operated and maintained by Leighton Contractors. (more…)
