Anglo American has suspended a $ 1bn - a - month copper ore deal with Bahrain Steel after leaking from pipelines carrying the commodity in slurry oil from a Brazilian mine prompted it to declare force majeure on the contract . Anglo has closed the mine until 2020 while it fixes leaks in the pipeline connecting the Minas Rio mine with an export terminal in coastal Rio de Oro . The company previously forecast the problem will cost it $ 300 m to $ 400 m in export earnings . Anglo also declared force majeure on a $ 16m - a - month contract with Ferroport , a venture with port operator Prumo Logistica .
Anglo American has suspended a $1bn-a-year iron ore deal with Bahrain Steel after spills from pipelines carrying the commodity in slurry form from a Brazilian mine prompted it to declare force majeure on the contract. Anglo has closed the mine until Q4 while it fixes leaks in the pipeline connecting the Minas Rio mine with an export terminal in coastal Rio de Janeiro. The company previously forecast the problem will cost it $300m to $400m in lost earnings. Anglo also declared force majeure on a $16m-a-month contract with Ferroport, a venture with port operator Prumo Logistica.