Anglo offloads niobium, phosphates assets to Chinese firm in $1.5bn deal

April 28, 2016

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Dual-listed Anglo American has sold its Brazil-based niobium and phosphates assets to Hong Kong- and Shanghai-listed China Molybdenum for $1.5-billion. The deal was expected to close in the second half of this year and would result in the transfer of Anglo’s phosphates business, in São Paulo, which comprised the Chapadao mine, the Ouvidor beneficiation plant, the Catalão and Cubatão chemical complexes and the Coqueiros and Morro Preto mineral deposits, to China Molybdenum.

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