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Anglo American to sell nickel business to MMG

Anglo American to sell nickel business for up to $500 million

The deal comprises an upfront cash consideration of $350 million at completion, the potential for up to $100 million in a price-linked earnout and a contingent cash consideration of $50 million linked to an investment decision for development projects related to the nickel business,

GlobalData on MSN · 1d

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,

Seeking Alpha on MSN · 2d

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 · 2d

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.

This is Money14d

Anglo American to mine fewer diamonds as demand wanes ahead of De Beers sale

Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones continues to wane. The FTSE 100 group is planning to sell or spin off ...

Buy17h

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 ...

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Anglo American to sell nickel business to MMG

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