Anglo American (AAUKY.PK, AAUKF.PK) says its $8.8B Minas Rio project in Brazil is 60% complete,...

|About: Anglo American plc ADR (AAUKY)|By:, SA News Editor

Anglo American (AAUKY.PK, AAUKF.PK) says its $8.8B Minas Rio project in Brazil is 60% complete, and is in talks with Eike Batista's LLX Logistica to allow the billionaire to open their jointly owned port terminal to other investments. Anglo also says it is continuing talks with Ternium (TX) for an iron-ore supply contract from Minas-Rio, after saying last year an agreement would be signed by June 2012.