Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]
Anglo American plc announces a comprehensive strategy to streamline its portfolio and enhance shareholder returns. The plan emphasizes a focus on world-class assets in copper, premium iron ore, and crop nutrients. Anglo American plc has unveiled a decisive strategy to unlock significant value from its portfolio, aiming to deliver stronger shareholder returns. Following a comprehensive […]
UK-based mining company Anglo American has announced that it has received a buyout proposal valued at £31.1 billion from Australian rival BHP Group. This offer marks a significant development in the global mining industry, potentially uniting two of the sector’s heavyweights. Under the terms of the proposed deal, Anglo American shareholders would receive 0.7097 shares […]
Vale has announced a landmark agreement with Anglo American to acquire a 15% ownership stake in Anglo American Minério de Ferro Brasil, marking a strategic partnership that encompasses the renowned Minas-Rio complex and Vale’s Serra da Serpentina resources in Brazil. This significant move, valued at US$ 157.5 million, includes a supplemental cash disbursement by Vale […]
Glencore has wrapped up its previously announced $588 million acquisition of stakes of 33.3% each from Anglo American and BHP in the Cerrejón coal mine in Columbia. The deal was announced in June 2021. Following its closing, Glencore has taken full ownership of the Colombian coal mine located in the La Guajira province. Glencore said […]
The Samancor Manganese joint venture (JV), owned by South32 and Anglo American, has agreed to sell its stake in Tasmanian Electro Metallurgical Company (TEMCO) held by subsidiary Groote Eylandt Mining Company (GEMCO) to an entity within British business tycoon Sanjeev Gupta’s GFG Alliance. The deal involves the sale of the TEMCO smelter in Bell Bay, […]