Anglo American to sell nickel business to MMG

Anglo American to sell Brazil nickel business for up to $500M, keep 20% of demerged platinum unit
Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) said Tuesday it agreed to sell its nickel business in Brazil to Hong Kong-listed MMG Ltd. for as much as $500M, the latest step in the company's broader restructuring aimed at refocusing its operations on copper and iron ore mining.
Anglo American to Retain 20% Stake in Demerged Platinum Business
The miner said it intends to retain the shareholding in the platinum business in an attempt to manage share flowback and offset the risk of existing shareholders selling the stock after the demerger.
Anglo American to sell nickel business for up to US$500-million
The unit sale comes as a broader restructuring aimed at refocusing Anglo American’s operations on copper and iron ore mining is well under way
Anglo American to get $600mn dividend boost ahead of demerger of platinum arm
Anglo American will get a $600mn dividend boost ahead of the spin-off of its platinum arm in the summer. The London-listed miner, which is undergoing a radical restructuring after defending itself from rival BHP’s £39bn failed takeover attempt last year, will benefit from an additional payout, said the platinum unit’s boss.
Anglo American to sell nickel business to MMG for $500m
Anglo American has entered a definitive agreement with MMG Singapore Resources, a wholly owned subsidiary of MMG, to divest its Nickel Brazil business for a cash consideration of up to $500m. Nickel Brazil operates two ferronickel operations in the country,
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Anglo American reports $3bn loss, embarks on a strategic portfolio restructure
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Anglo American ‘sucks’ R11bn out of Amplats before unbundling
Amplats 'resets' its balance sheet ahead of demerger by paying a special dividend, which puts it 'on a pro forma basis to be ...
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Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
The diamond sector faces an existential crisis from far cheaper lab-grown alternatives and the fading allure of the romanticism around the gems. Anglo is parting ways with De Beers for a reason and ...
Anglo's Kumba wants private investors to run key iron ore rail line
JOHANNESBURG (Reuters) -Anglo American's South African iron ore business wants private investors to run a rail line that is crucial for shipments of the steelmaking ingredient to export markets, it ...