Mining giant Anglo American restarted an iron ore mine in Brazil that had been closed for eight months to replace and inspect a leaking pipeline, the company said. The stoppage of the big Minas-Rio mine in Minas Gerais state since March cost the London- and Johannesburg-headquartered company $320 million, it said in a statement to investors on Friday.
The resumption of one of the world's largest mining projects will allow Anglo American to supply China's appetite for high-end iron ore. The mine received permission this year to expand.