Anglo American Sells Nickel Business for Up to $500 Million

Anglo American to Sell Nickel Business to MMG for Up to US$500 Million
Anglo American (LSE:AAL,OTCQX:AAUKF) has agreed to sell its Brazil nickel operations to MMG Singapore Resources, a subsidiary of MMG (OTC Pink:MMLTF,HKEX:1208), for a cash consideration of up to US$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 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 sells Brazil assets for $500M, targets June to demerge Amplats
The nickel assets include the Barro Alto mine, Niquelândia mine and the Barro Alto and Codemin ferronickel processing plants.
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.
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 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.
MMG (01208.HK) Acquires Anglo American Nickel Biz in Brazil
MMG (01208.HK) announced that MMG Singapore Resources Pte. Ltd., its wholly-owned subsidiary, has entered into an agreement to acquire the Anglo American nickel business in Brazil. Upon closing, this business will be wholly-owned by MMG,
MMG to acquire Anglo American's nickel business for $500m
Diversified mining group Anglo American has agreed to sell its nickel business to mid-tier miner MMG for up to $500-million, the companies announced on Tuesday. The transaction, which includes two ferronickel operations and two greenfield projects 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.
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.
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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 ...