Anglo American on track to sell nickel and steelmaking coal businesses
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Anglo American PLC is progressing with the sale of its nickel and steelmaking coal businesses. The company is simplifying its portfolio to focus on iron ore and copper, having already sold its interest in Valterra Platinum Ltd. Despite a setback with Peabody Energy Corp's withdrawal from acquiring its coal assets, Anglo American has re-initiated the sale process. It aims to finalize regulatory approval for the nickel business sale to MMG Singapore Resources for up to USD500 million. Shares fell slightly in London and Johannesburg.
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