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Anglo American hired financial advisers to sell two nickel mines in Brazil, the miner’s country head, Ana Sanches, told journalists on Monday.
At an event in Belo Horizonte, Sanches said the company has already mapped firms with potential interest in buying the mines, which are located in the cities of Barro Alto and Niquelandia, both in the Brazilian state of Goias.Sanches did not name the financial advisors which had been hired or provide a specific timeline for the sales, but said she was not expecting any deal to be announced this year.
“We are now talking to companies around the world, there are trips already scheduled to strategic locations abroad to present the nickel project,” she said. The country head added Anglo American could also sell some exploratory assets in other regions together with the two mines, depending on how the talks advance.Leading miners have seen their valuations decline as slowing growth for electric cars and a weaker economy in China curtail demand for some commodities.TMC and its partner PAMCO have produced approximately 500 tonnes of calcine during the first phase of a commercial-scale campaign.$1.
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