Member access

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


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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;

(MORE TO FOLLOW) Dow Jones Newswires

05-09-12 0643ET

Stocks mentioned in the article : Anglo American plc, Anglo American plc
Recommend :
React to this article
4h ago ANGLO AMERICAN : *jefferies raises anglo american price target to 1,700 (1,550) ..
4h ago BHP BILLITON : PRESS: BHP, Anglo American To Sell Off Manganese Assets - The WSJ
1d agoDJLONDON MARKETS : U.K. Stocks Edge Up After BOE Minutes; BHP Advances
2d ago UK MIDDAY BRIEFING : Royal Mail's Parcels Business Fails To Deliver
2d ago UK WINNERS & LOSERS : ARM Leads FTSE 100 As Tesco Gives Back Gains
2d agoDJANGLO AMERICAN : Kumba Earnings Drop on Lower Export Prices, Higher Mining Costs
2d ago ANGLO AMERICAN : notification: Kumba Iron Ore Limited interim results 2014
2d ago Anglo American Says Kumba Iron Ore Hit By Prices And Costs
3d ago Amplats to sell strike-hit South African mines
3d agoDJAnglo American Platinum to Sell Assets
Duration : Period :
Anglo American plc Technical Analysis Chart | AAL | GB00B1XZS820 | 4-Traders
Income Statement Evolution
Anglo American plc : Income Statement Evolution
More Financials
Dynamic quotes