Wednesday, June 13, 2007

Anglo to spend $3.5 bln in Africa over 5 yrs - CEO

(Reuters) - Anglo American Plc, the world's third biggest mining group, plans to inject $3.5 billion of new investment into Africa over the next five years, its chief executive said on Wednesday.

Cynthia Carroll, the CEO of Anglo, said her firm would pump the money into several exploration and mining projects across the continent, which she said is seeing strong growth and reduced political risk.


Read more at Reuters Africa

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