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Anglo American Plans to Sell Stake in U.K. Mining Project, The Times Reports

-- Anglo American could be preparing to sell a minority stake in the Woodsmith fertilizer mine, in North Yorkshire, as it seeks to share the $9 billion development cost, The Times of London reported.

-- The FTSE 100 diversified mining company is seeking to identify potential investors--which could be infrastructure investors, sovereign wealth funds or distribution companies--before starting a formal offer of up to 49% stake of the project, The Times reported.

-- Anglo American declined to comment on the news, but said that the company would consider a minority stake sale for the right value with the right partner, at the right time.


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(END) Dow Jones Newswires

December 27, 2023 04:23 ET (09:23 GMT)

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