Brazil Competition Authority (CADE) Starts Investigation into UK $36 Billion Mining Group Anglo American $500 Million Sale of Brazil Nickel Operations to Hong Kong-Listed $8 Billion Resource Group MMG Subsidiary (MMG Singapore Resources)
3rd September | Hong Kong
Brazil competition authority (Administrative Council for Economic Defense, CADE) has started investigation into UK mining group Anglo American ($36 billion market value) $500 million sale of Brazil nickel operations to Hong Kong-listed resource group MMG ($8 billion market value) subsidiary (MMG Singapore Resources). Announcement (18/2/25): “MMG Limited (MMG, the Company) has entered into a Share Purchase Agreement with Anglo American plc (Anglo American) for their nickel business in Brazil (Nickel Brazil) for an aggregate cash consideration of up to US$500 million, comprised of upfront cash consideration of US$350 million and up to US$150 million in contingent consideration. Nickel Brazil is a world class and stable operation producing ~40 ktpa of nickel in ferronickel across two operating assets, Barro Alto and Codemin (Niquelândia). The transaction aligns with MMG’s growth strategy to expand its earnings, geographical footprint and base metal commodity exposure, marking the first investment into Brazil and the addition of an operating primary nickel mine to MMG’s portfolio.” MMG – Founded in 2009, MMG’s vision is to create a leading international mining company for a low carbon future. The company is headquartered in Melbourne, Australia and Beijing, China and listed on the Hong Kong Stock Exchange (HKEX1208). MMG’s portfolio supports copper, zinc and cobalt production – products that are critical to achieving global decarbonisation and electrification targets. With operations in Australia, Botswana, the Democratic Republic of Congo and Peru. Anglo American – Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. A portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning Anglo American to deliver into structurally attractive major demand growth trends.
“ Brazil Competition Authority (CADE) Starts Investigation into UK $36 Billion Mining Group Anglo American $500 Million Sale of Brazil Nickel Operations to Hong Kong-Listed $8 Billion Resource Group MMG Subsidiary (MMG Singapore Resources) “
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Brazil Competition Authority (CADE) Starts Investigation into UK $36 Billion Mining Group Anglo American $500 Million Sale of Brazil Nickel Operations to Hong Kong-Listed $8 Billion Resource Group MMG Subsidiary (MMG Singapore Resources)
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