• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Anglo American sells 70% stake in Amapa

Jan 04 2013 09:55
I-Net Bridge

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 144
Change -5
% Change -3
Cumulative volume 3205098
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Johannesburg – One of the world’s largest mining companies‚ Anglo American [JSE:AGL]‚ announced on Friday that it has sold 70% of its stake in the Amapa iron-ore operation in Brazil to Zamin Ferrous. 

“Anglo American has always maintained that it does not envisage holding its interest in Amapa over the long term and‚ in July 2012‚ reported that it had transferred responsibility for Amapa to its other mining and industrial business unit and stated that it was exploring the possibility of divesting its interest‚” Anglo American said in a note on Friday. 

Since Anglo American’s acquisition of Amapa in 2008‚ production rose from 1.2 MT to 4.8 MT in 2011. 

The deal is expected to be completed later this year.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anglo american

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...