Anglo American Sells Nickel Business for Up to $500 Million

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,
Anglo American Sells Nickel Business for Up to $500 Million
The sale, to a subsidiary of China’s mining company MMG, is part of its effort to simplify operations, following a failed takeover bid from BHP last year.
Anglo American Agrees to Sell Brazil Nickel Mines to China’s MMG
Anglo American Plc said it’s agreed to sell its nickel business in Brazil to MMG Ltd. for as much as $500 million.
Anglo American bids farewell to nickel business
MMG Singapore Resources will become the new owner of Anglo American’s nickel business in a $500 million deal. Anglo’s nickel business includes two ferronickel operations – Barro Alto and Codemin – and two greenfield growth operations – Jacaré and Morro Sem Boné – in Brazil.
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.
5AAUKF : Anglo American Offloads Nickel Business In $500M Deal: Details
Anglo American agreed to sell its nickel business to MMG Singapore Resources for up to $500 million in cash, with upfront payment of $350 million and remaining based on future decisions.
Anglo American agrees $500m sale of nickel business
MMG Singapore Resources, a subsidiary of Melbourne-based mining firm MMG, has agreed to buy the FTSE 100 group's nickel operations for $350million upfront.
Anglo American acuerda vender minas de níquel en Brasil a china MMG
Anglo American Plc anunció un acuerdo para vender su negocio de níquel en Brasil a MMG Ltd. por hasta US$500 millones.
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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 ...