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Anglo American PLC said on Friday it was striving to wrap up the sale of its nickel business, and reported it had re-started efforts to dispose of its remaining coal operation. The London-based diversified miner is simplifying its portfolio of asset to focus on iron ore and copper, while getting rid of platinum, coal, nickel and diamond assets. It has already disposed of its entire interest in Valterra Platinum Ltd, formerly called Anglo American Platinum Ltd. But it suffered a setback after Peabody Energy Corp abruptly ended its bid to acquire Anglo American’s steelmaking coal assets in Australia. Anglo American said on Friday it has re-initiated a formal process to sell the remaining steelmaking coal business. The miner also said it is working to finalise the last regulatory approval with the European Commission required to complete the transaction, first announced in February this year. Anglo American in February entered into a definitive agreement to sell its nickel business to MMG Singapore Resources Pte Ltd, a wholly owned subsidiary of MMG Limited, for cash consideration of up to $500 million. Back in July, Anglo American said the pace of development of the Woodsmith project had slowed to focus on a ‘number of areas of critical work’, including the ongoing sinking of the 1.6-killometer deep service shaft. Shares in Anglo American were down 0.2% to 2,900.00 pence on Friday afternoon in London, and they fell 0.2% to R 649.98 in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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