Anglo American Expands with Serpentina Iron Ore Acquisition

Anglo American (GB:AAL) has released an update.

Anglo American has completed the acquisition of Vale’s Serpentina iron ore resource, enhancing its Minas-Rio operations in Brazil. This strategic move is set to significantly boost Anglo American’s production of high-quality iron ore, aligning with growing demand trends and supporting steelmakers in reducing carbon emissions. Vale will acquire a 15% share in the expanded operation, with an option to increase its stake contingent on future expansions.

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