Anglo American To Invest $325 Million in Brazil Niobium Project
The Boa Vista mine produced 4,400 metric tons of niobium last year, up 13% from a year earlier, but is expected to see production decline in 2013 due to lower-quality ore, Anglo American said this month in its fourth-quarter earnings release. Niobium, a relatively small business within Anglo American, generated operating profit of $81 million last year, up 56% from 2011.
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