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flag Anglo American to sell its nickel business to MMG Singapore for up to $500M, aiding debt relief.

flag Anglo American has agreed to sell its nickel business to MMG Singapore Resources for up to $500 million. flag The deal includes two ferronickel operations and two growth projects in Brazil and is part of Anglo's restructuring efforts to refocus on copper and iron ore. flag The upfront payment is $350 million, with additional earnouts possible. flag This sale, along with previous asset sales, aims to ease financial pressures, with Anglo's net debt at $11.1 billion as of June 2025. flag The transaction is subject to regulatory approvals and is expected to close by Q3 2025.

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