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BELO HORIZONTE, Brazil–Global mining giant Anglo American PLC (AAL.LN) has taken a more positive view of its Brazilian phosphate and niobium businesses in recent months and believes the worst is over for its troubled iron-ore venture, Chief Executive Mark Cutifani said Tuesday.

The company continues looking for a partner in its $8.8 billion Minas-Rio project to mine iron ore in southeastern Brazil and transport it to port via a 525-kilometer pipeline. But Mr. Cutifani said it “will take some time before potential partners” are likely to feel comfortable buying into Minas-Rio, the investment budget of which has risen threefold and made the project a poster child for cost overruns in the mining industry.

http://online.wsj.com/article/BT-CO-20130924-709317.html