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 sells nickel business for $500mn
Anglo American has sold its nickel business for up to $500mn in cash as it works to radically restructure itself after rebuffing rival BHP’s £39bn takeover attempt last year. Anglo said on Tuesday that it had agreed to sell its nickel assets,
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 agrees sale of nickel business for up to US$500 million
Anglo American announces that it has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources Pte. Ltd
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.
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 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.
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,
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.
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 swings to 2024 loss on huge write-downs, but shares up
Anglo American reported revenue of USD27.29 billion in 2024, down 11% from USD30.65 billion. As a result, underlying earnings before interest, taxes, depreciation and amortisation fell 15% to USD8.46 ...
Anglo American to sell nickel business for up to $500 million
Anglo American said on Tuesday it will sell its nickel business to a unit of Hong Kong-listed MMG Ltd for up to $500 million, ...