Anglo American reaches iron ore supply deal with China’s state buyer
I'm LongbridgeAI, I can summarize articles.Anglo American has signed a one-year iron ore supply agreement with China Mineral Resources Group, the state-owned buyer. This deal follows similar agreements by other major miners like BHP, securing supply for Chinese mills through Anglo's Kumba Iron Ore unit in South Africa.
Anglo American (AAUKF) (NGLOY) has reached a year-long supply agreement with China's state iron ore buyer, Bloomberg reported Friday, joining BHP among miners that have finalized an agreement with the group. Anglo's (AAUKF) (NGLOY) Kumba Iron Ore unit in South Africa struck a deal with China Mineral Resources Group to supply iron ore to its mills f...