LONDON: Anglo American plc has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources Pte. Ltd, a wholly owned subsidiary of MMG Limited (MMG) for a cash consideration of up to $500 million. The nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two high quality…
All posts tagged Anglo American
Anglo American sells steelmaking coal business in Australia for $3.775 billion
LONDON Anglo American has now entered into definitive agreements to sell the entirety of its steelmaking coal business, to generate up to US$4.9 billion in aggregate gross cash proceeds, including the already announced sale of Anglo American’s interest in Jellinbah for approximately US$1.1 billion. Announced today, Anglo American has agreed to sell its portfolio of…
Mining giants BHP and Anglo American evaluate merger
Rejection of BHP Proposal LONDON, UK: BHP Group has confirmed its intention to pursue a historic merger with Anglo American. On April 16, 2024, BHP proposed an all-share offer that would see Anglo American shareholders receive 0.7097 BHP shares for each Anglo American share, alongside a pro-rata distribution of shares in Anglo American Platinum Ltd…
Anglo American and Vale join forces to boost Minas-Rio iron ore mine
LONDON, UK: Anglo American plc, a global mining company, has announced a deal with Vale SA, the world’s largest iron ore producer, to acquire and integrate a massive iron ore resource adjacent to its Minas-Rio mine in Brazil. The deal, valued at US$157.5 million, will give Vale a 15% stake in the enlarged Minas-Rio, which…
Anglo American and Finnish Minerals Group to explore battery value chain opportunities
LONDON, UK: Anglo American and Finnish Minerals Group have signed a memorandum of understanding (“MOU”) to work together to explore opportunities to further support Finland’s battery strategy. Finnish Minerals Group is a holding and development company that manages the Finnish Government’s mining industry shareholdings and supports the development of the Finnish battery value chain. Alison…
Anglo American announces senior management and organisational changes
LONDON, UK: Anglo American plc, one of the world’s largest mining companies, has announced a number of changes to its senior management team and to its organisation, to lead the next phase of value delivery. The changes include the appointment of new executives for some of its key functions and business segments, such as De…
Anglo American completes sale of remaining shareholding in Thungela Resources
LONDON, UK: Anglo American plc has announced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a…
Anglo American partners EDF to secure 100% renewable energy supply for South Africa
LONDON, UK: Anglo American has signed a Memorandum of Understanding with EDF Renewables, a global leader in renewable energy, to work together towards developing a regional renewable energy ecosystem (“RREE”) in South Africa. The ecosystem is expected to be designed to meet Anglo American’s operational electricity requirements in South Africa through the supply of 100%…
Anglo American starts up new Aquila metallurgical coal mine
LONDON, UK: Anglo American plc announced that its new Aquila mine has achieved its first longwall shear of steelmaking metallurgical coal on schedule and on budget, marking the project’s final stages of construction and commissioning. The Aquila mine, located near Middlemount in Central Queensland in Australia, extends the life of Anglo American’s existing Capcoal underground…
Anglo American to return an additional $2 billion to shareholders
LONDON, UK: Anglo American plc announced its intention to return an additional $2 billion to its shareholders through an on-market irrevocable and non-discretionary share buyback programme of $1 billion and a special dividend of $0.80 per ordinary share, equal to $1 billion. Mark Cutifani, Chief Executive of Anglo American, said: “We entered this period of…
Anglo American to demerge South Africa thermal coal operations
LONDON: Anglo American plc announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021. The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited, the demerger of…
Anglo American senior leadership changes
LONDON: Anglo American plc announced the appointment of Nolitha Fakude as Chairman of Anglo American’s Management Board in South Africa, with effect from 1 September 2019. Fakude will step down as a non-executive director on the Board of Anglo American plc on 31 August 2019 in order to take up this new executive role and…