- Published: Wednesday, 01 June 2016 14:46
- Written by E&MJ News
Anglo American announced in late April that it has agreed to sell its Brazil-based niobium and phosphates businesses to China Molybdenum for $1.5 billion in cash, payable at closing. The wholly owned businesses are located in the Brazilian states of Goiás and São Paulo. The transaction is expected to close in the second half of 2016.