MMG to acquire nickel business of Anglo American for $500m.

MMG, a company that mines, explores and develops base metal projects, agreed to acquire nickel business of Anglo American, a British multinational mining company, for $500m. “We are excited by our acquisition of Anglo American’s nickel business which provides important diversification for our business and strengthens our presence in Latin America. This is a strong business with a talented team, growth potential and demonstrated excellence in sustainability performance and we look forward to continuing this positive legacy. MMG and Anglo American have a long track record of close collaboration and shared values demonstrated through our commitment to ICMM principles. We look forward to working together towards completion,” Cao Liang, MMG CEO.