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, forms part of Anglo American’s strategy to streamline its portfolio and sharpen its focus on copper, premium iron-ore, and crop nutrients.
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, forms part of Anglo American’s strategy to streamline its portfolio and sharpen its focus on copper, premium iron-ore, and crop nutrients.
