| Global miner Anglo American plans to build a 450MW coal-fired power plant in South Africa to supply electricity to its platinum subsidiary Anglo American Platinum (Amplats) in a bid to solve electricity constraint problems and ease cost pressures, Business Day reported. Seven companies, mainly foreign groups, have bid to build the plant near Witbank in eastern Mpumalanga at a cost of more than USD 1bn and Anglos thermal coal division is now in discussions with the various parties on pricing structures and financing, Norman Mbazima, CEO of Anglo Thermal Coal, told the daily in an interview. The project will be funded entirely by the power plant operator, which will have Amplats as its sole customer. The plant will be built to meet European Union emission standards and is aimed to start producing electricity in 2015. |
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