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Anglo American Sells Nickel Business for Up to $500 Million

Anglo American agreed to sell its nickel business to a subsidiary of China’s mining company MMG for up to $500 million in cash as part of its efforts to simplify operations, following a failed takeover bid from rival BHP last year.

Benzinga.com · 23h

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.

Bloomberg L.P. · 1d

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.

Seeking Alpha on MSN · 1d

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.

This Is Money on MSN · 1d

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.

31m

Anglo American to Book Lower Earnings, With De Beers Impairment in Focus -- Earnings Preview

REVENUE FORECAST: The London-listed miner is expected to report $27.27 billion in full-year revenue compared with $30.65 billion for 2023. NET INCOME FORECAST: Analysts expect Anglo to swing to a loss ...

Miningmx15d

Anglo’s Wanblad describes mega-deal M&A “a calamity”

ANGLO American CEO Duncan Wanblad described the prospect of mega-deals in the mining industry as “a calamity” as they would ...

Yahoo Finance21d

Bernstein downgrades Anglo American after BHP exit

Investing.com -- Bernstein downgraded Anglo American PLC (LON:AAL) to “Market-Perform” citing a more balanced risk-reward profile after BHP Group (NYSE:BHP) withdrew its interest in acquiring ...

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Anglo American Sells Nickel Business for Up to $500 Million

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