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Glencore Considers Stake In Anglo’s Amapa Iron Ore Operation
Nov. 02, 2012 10:12AM PST
Base Metals Investing Mining Weekly reported Glencore (LSE:GLEN) is considering an offer from Anglo American (LSE:AAL) for a stake in the Amapa iron ore operation.
Mining Weekly reported Glencore (LSE:GLEN) is considering an offer from Anglo American (LSE:AAL) for a stake in the Amapa iron ore operation.
As quoted in the market news:
Anglo bought control of Amapa in 2008 from Brazilian billionaire Eike Batista’s MMX as part of the $5.5-billion Minas Rio acquisition. But the asset has been deemed non-core, and has been on the block since last year.
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