Posted in | News | Iron Ore | Mining Business

Anglo American Looks to Sell Amapa Iron Ore Project

Anglo American is planning to sell its stake in the Amapa iron ore project in northern Brazil. It is considering selling its majority stake in the project so that it can concentrate on the development of its Minas - Rio project in the south of Brazil.

In 2008 the UK based Anglo American had acquired control of both the Amapa operation and Minas Rio from the Brazilian billionaire Eike Batista’s MMX. It had paid $5.5 billion for the acquisition. Now the company would rather focus on Minas Rio rather than the small Amapa iron ore mine in the Amazon.

The production from Amapa began in 2010 and it is expected to produce 4.5 million tones of iron ore in 2011. However at Minas Rio the projected production is likely to be 26.5 million tones of iron ore. Also now that Amapa has become profitable ahead of schedule other issues are also being considered.

The logistical problems with operations of the mine include the restriction of ore that can be shipped from the port in the Amazon that serves the mine at Amapa. The amount of ore is limited by the capsize vessels that can navigate the river system, this also increases the freight costs of the mine ore.

The remote location of the mine in the north also takes it away from the domestic market for iron ore in Brazil. Most of the country’s large steel mills which will buy the iron ore are located in the south which is closer to the Minas Rio project.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Anglo American Plc. (2019, March 19). Anglo American Looks to Sell Amapa Iron Ore Project. AZoMining. Retrieved on August 07, 2022 from

  • MLA

    Anglo American Plc. "Anglo American Looks to Sell Amapa Iron Ore Project". AZoMining. 07 August 2022. <>.

  • Chicago

    Anglo American Plc. "Anglo American Looks to Sell Amapa Iron Ore Project". AZoMining. (accessed August 07, 2022).

  • Harvard

    Anglo American Plc. 2019. Anglo American Looks to Sell Amapa Iron Ore Project. AZoMining, viewed 07 August 2022,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type