Anglo American may sell two nickel mines to focus on core business

Recently, Ana Sanches, Anglo American's head of Brazil, announced an important decision: the company plans to sell two nickel mines in the 

Barro Alto and Niquelandia regions of Goiás state, Brazil, in order to further optimise its asset structure, focus on its core business, and potentially

 raise funds for future strategic investments. The Company has made an important decision.

The two nickel mines, located in the Barro Alto and Niquelandia regions of the state of Goiás, Brazil, are among Anglo American's key mineral

 resources in Brazil, Sanches said, adding that the company has engaged a professional financial advisor to assist in completing the transaction, 

although the name of the specific advisor has not been disclosed at this time. She emphasised that the decision was based on a considered view 

of the current market environment and the company's long-term growth strategy, which aims to increase the company's financial flexibility and 

competitiveness through the sale of non-core assets.

It was revealed that the two nickel mines are capable of producing a total of about 38,000 tonnes of nickel per year, making them a highly 

sought-after and high-quality resource in the market. Anglo American has made initial contact with a number of companies interested in 

purchasing the mines and is in advanced negotiations. sanches did not disclose a specific timetable for the sale, saying only that she did 

not expect to make any formal announcement this year as the negotiation process could take longer to reach a mutually acceptable agreement.

In addition, Sanches revealed an additional point of information that Anglo American is considering packaging some of its exploration assets in

 other regions for sale along with the two nickel mines. This strategy is intended to further simplify the company's asset structure and potentially 

attract buyers who are interested in a diversified portfolio of mineral resources. However, she emphasises that this decision will depend on the

 progress of the negotiations and will be flexible based on market feedback and buyer demand.

The sale programme is of great significance to Anglo American. On the one hand, it helps the company to raise funds to support other strategic

 investments or to address potential market risks; on the other hand, by divesting non-core assets, the company can focus more on its core

 business and areas with high growth potential. The two nickel mines are undoubtedly an attractive investment opportunity for potential buyers,

as they not only have abundant nickel reserves, but also have stable production and good market prospects.