Anglo American Completes Disposal Of Norte

Anglo America CEO, Mr. Mark Cutifani

Anglo America CEO, Mr. Mark Cutifani

Anglo American, the international diversified metals group said it has completed the sale of its interest in Anglo American Norte S.A.to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor.

 

Norte consists of the Mantoverde and Mantos Blancos copper mines located in northern Chile.

 

Anglo American Chief Executive, Mark Cutifani said the completed sale of Norte to the Audley consortium represents further progress with their asset disposal programme and wider strategy to reshape the Anglo American portfolio, prioritising our capital on those assets that will create the most value for our shareholders over the long term.

 

“We have delivered $1.9 billion in cash proceeds this year, including $300 million up-front for Norte to add to the $1.6 billion we received for our stake in Lafarge Tarmac in July.”

 

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