Anglo American sells nickel business for $500mn

Anglo American to sell nickel business for up to $500m

A restructuring aimed at refocusing its operations on copper and iron ore mining is well under way.

Anglo American sells nickel business for $500mn

Miner seeks to focus on copper and iron as it restructures after rebuffing BHP takeover attempt

Nickel Prices: Anglo American Offloads Nickel Business

Mining multinational Anglo American recently agreed to sell its nickel business to a subsidiary of MMG Resources, which has its main offices in Beijing and Melbourne, for up to $500 million. The move left many industry insiders speculating how it might relate to current nickel prices and how it might affect them. On February 18, […]

Anglo American to sell nickel business to MMG for $500m

Anglo American has agreed with MMG Singapore Resources to divest its Nickel Brazil business for up to $500m.The post Anglo American to sell nickel business to MMG for $500m appeared first on Mining Technology.

MMG to acquire Anglo American’s nickel business - USA Herald

China-backed MMG Ltd. has struck a deal to acquire Anglo American PLC’s nickel assets in Brazil for up to $500 million, a move that signals a strategic overhaul for the British mining giant. The agreement, announced Tuesday, comes as Anglo American sheds assets to refine its business focus. MMG’s Singapore-based subsidiary will initially pay $350 million in cash upon closing, expected by March. But the transaction holds more weight—potentially s…

The agreement involves two ferronickel operating assets in Goiás, in addition to two projects that may be developed in the future