Anglo American Sells Nickel Business for $500 Million ...Middle East

OILPRICE - Economy
Anglo American Sells Nickel Business for $500 Million
source : OILPRICE ( Middle East ) () 54
Via Metal Miner Mining multinational Anglo American recently agreed to sell its nickel business to a subsidiary of MMG Resources, which has its main offices in Beijing and Melbourne, for up to $500 million. The move left many industry insiders speculating how it might relate to current nickel prices and how it might affect them. On February 18, the London-headquartered group stated that MMG Singapore agreed to acquire Barro Alto and Codemin ferronickel operations as well as the Jacaré and Morro Sem Boné greenfield growth projects.…

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