Anglo American sells Amapa stake

Comment on this story

Anglo American had agreed to sell its majority holding in its Amapa mine in Brazil to private international minerals group Zamin Ferrous for an undisclosed amount, it said on Friday.

“Anglo American announces the sale of its 70 percent interest in the Amapa iron ore operation in Brazil to Zamin Ferrous,” the mining firm said, adding that the terms of the deal were confidential.

“Anglo American has always maintained that it does not envisage holding its interest in Amapa over the long term.”

The transaction, which remains subject to government regulatory approval, is expected to be completed this year. – Sapa-AFP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines