Sharmel Sheikh, Egypt — MININGREVIEW.COM — 26 March 2010 – Mining giant Anglo American plc “’ one of the world’s largest diversified mining and natural resource groups “’ is looking to set up long-term iron ore supply agreements with steel producers in North Africa and the Middle East.
Revealing this on the sidelines of a CRU steel conference here Robert Brownlee “’ general manager, marketing and sales, at Anglo American Iron Ore “’ said: “From a market perspective we’re looking to ship 2 to 3 million tonnes of lump ore to the region.”
“This quantity could be shipped in the next one or two years,” he told Reuters.
Brownlee went on to say that the region offered strong growth prospects and was close to Anglo’s production. Anglo American “’ the world’s fourth biggest diversified mining group by market value “’ owns Kumba Iron Ore, which is Africa’s biggest iron ore producer.
Brownlee said that the company had shipped 50 000 tonnes of trial cargo to Qatar Steel in previous years, and he confirmed that the company was in discussions with some producers in the region for long-term supply agreements. No agreements had been concluded so far.