Miner's market: Anglo prepares for great $800m sell off
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.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies