Anglo American announces major community and environmental investment in Brazil

Mining and natural resources group Anglo American announced in August a commitment to invest $92 million in local communities and biodiversity projects in Brazil, following the completion of a transaction to acquire a controlling shareholding in the Minas-Rio iron ore project and the Amapá iron ore system. $72 million will benefit communities in the states of Amapá, Minas Gerais and Rio de Janeiro over a 10-year period from 2009. The group will also spend a total of $19.5 million over five years, to plant approximately 1,000 hectares of tree seedlings in the state of Minas Gerais every year over a five-year period from 2009. Wherever possible, says the group, it will work in partnership with community organizations, NGOs and relevant government agencies.

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