Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

News SummaryMost relevantAll newsSector news 

Anglo American Platinum Testing Fuel Cell Locomotive

05/09/2012 | 06:44am US/Eastern

Anglo American Platinum Ltd. (AMS.JO) said Wednesday it's testing a platinum-based fuel cell-powered mining locomotive, in order to try and jumpstart a fuel cell industry in South Africa.

The world's largest platinum miner said it's working with partners to develop a locomotive which it will then test in one of its mines underground. Anglo American Platinum, a unit of Anglo American PLC (>> Anglo American plc), said it's working with Vehicle Projects, Trident South Africa, and Battery Electric.

"A South African fuel cell industry would support the country's drive for jobs and help to meet its energy challenges," Anglo American chief executive Cynthia Carroll said.

Anglo American said hydrogen powered fuel cell locomotives are more economical and environmentally friendly than traditional rail transport. A fuel cell is essentially a gas battery that produces electricity as long as it is fed with hydrogen gas.

The company is also working with government departments to develop a fuel cell industry in South Africa, and the "collaborative work is intended to enable the development of a local fuel cell manufacturing, distribution, marketing and servicing industry which will be globally competitive," Anglo American said.

-By Devon Maylie, Dow Jones Newswires; +27117837848; devon.maylie@dowjones.com

(MORE TO FOLLOW) Dow Jones Newswires

05-09-12 0643ET

Stocks mentioned in the article : Anglo American plc, Anglo American plc
React to this article
11/27DJEUROPE MARKETS : European Stocks Ease Off 3-month High But Log Weekly Gain
11/27DJLONDON MARKETS : FTSE 100 Pressed Lower After China Market Rout, But Posts Weekl..
11/27DJEUROPE MARKETS : European Stocks Come Off 3-month High As China Woes Weigh
11/27DJEUROPE MARKETS : European Stocks Come Off 3-month High As China Woes Weigh
11/27DJLONDON MARKETS : London Stocks Jolted Lower By China Market Rout
11/26DJCorrection to Scarcity of Water Poses Challenges for Copper Miners
11/26DJLONDON MARKETS : FTSE 100 Rises For Second Straight Day, Led By Miners
11/26DJScarcity of Water Poses Challenge for Copper Miners
11/26DJLONDON MARKETS : FTSE 100 Gaining Ground, Led By Miners
11/26 Miners help FTSE to edge higher, BHP slips
News chart
Full-screen chart
Income Statement Evolution
More Financials