Deals
Anglo CEO Sees $1 Billion Niobium Sale Within Months
- Cutifani says lots of interest in coal and nickel assets
- Anglo reported $5.62 billion loss and accelerated coal exit
Anglo American's Cutifani Says Company Is in Good Shape
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Anglo American Plc, which is shrinking its business by more than half to weather the rout in commodity prices, may sell its $1 billion niobium and phosphate business in Brazil in as little as two months.
“We have got bids coming in as we speak,” Chief Executive Officer Mark Cutifani said in a Bloomberg Television interview on Tuesday. “In the next two weeks, we will actually pin those down in terms of a short list of those we’d like to deal with. Over the next two to three months, I’d expect to be able to resolve something there.”