Miner's market: Anglo prepares for great $800m sell off

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The Independent Online

The great sell off of so-called "non-core" assets by Ftse 100 miner Anglo American, run by chief executive Cynthia Carroll (above) will start next month.

Advisers UBS and Goldman Sachs are understood to be finalising details of a sales prospectus for the company's zinc assets, worth up to $800m (£490m) and could send it to potential bidders by early February.

In other mining news, UC Rusal, the Russian aluminium giant, will start a three day tour of America tomorrow to attract support for its impending listing in Hong Kong. Executives will fly out from London, having been on a similar charm offensive here since Thursday.

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