Feb 23 (Reuters) - Anglo American Plc said on
Thursday the development schedule and budget of its Woodsmith
project would be extended as the miner seeks to accommodate
higher production volumes and improve mining efficiency.
The group said it expects the first product from the
Woodsmith project in north-east England, which has the world's
largest known deposit of polyhalite, entering the market in
2027, with an annual capital investment of around $1 billion.
Anglo American reported a 30% fall in underlying core profit
for 2022 to $14.5 billion due to higher production costs, lower
product prices and as extreme weather hit production.
(Reporting by Muhammed Husain in Bengaluru
Editing by Vinay Dwivedi)
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