Photo: Wikimedia Commons.
Anglo American has announced the sale of its nickel business in Brazil to MMG Singapore Resources Pte, a subsidiary of MMG Group, in a deal that could reach US$500 million. The transaction includes two operational assets in Goiás—Barro Alto and Codemin (Niquelândia)—and two nickel exploration projects, Morro Sem Boné (Mato Grosso) and Jacaré (Pará). MMG will make an initial payment of US$350 million, with potential additional payments based on nickel prices and future project development.
MMG is a leading international mining company and a subsidiary of China Minmetals, one of China’s largest state-owned mining enterprises. The company specializes in the development and operation of copper, zinc, and other base metal projects across multiple countries, including Australia, Botswana, the Democratic Republic of the Congo, Peru, and Canada. MMG has dual headquarters in Melbourne and Beijing and is publicly traded on the Hong Kong Stock Exchange (HKEX) and the Australian Securities Exchange (ASX).
With this acquisition, MMG expands its footprint in Latin America’s strategic mineral sector, reinforcing its commitment to sustainability, operational excellence, and long-term investment. CEO Cao Liang emphasized the growth potential and sustainability credentials of Anglo American’s nickel assets, positioning them as a key addition to MMG’s global portfolio.
The sale is part of Anglo American’s broader strategy to streamline its portfolio, focusing on copper, premium iron ore, and crop nutrients. The company recently finalized the sale of its Australian metallurgical coal unit, bringing total expected proceeds from these divestments to US$5.3 billion.
Executives from both companies have underscored the importance of a smooth transition, with MMG inheriting not just a nickel business, but a legacy of over 40 years in Goiás, contributing to regional economic development and sustainability efforts. The deal’s completion is subject to regulatory approvals, expected in the third quarter of 2025.
Main Source:
Anglo American vende ativos de níquel no Brasil para grupo chinês Minmetals, por US$ 500 milhões – Brasil Mineral
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Anglo American acuerda vender sus minas de níquel en Brasil a la china MMG – Bloomberg
