CAPITAL MARKETS

M&A year starts with January sales

Filled with debt and in need of deleveraging, it is no surprise 2016 has kicked off with a list of operations that given the right terms will be coming off the balance sheets of the major diversified miners this year.

Anglo American’s Chapadão mine in Ouvidor has some of Brazil’s highest grades of phosphate ore (photo: Anglo American)

Anglo American’s Chapadão mine in Ouvidor has some of Brazil’s highest grades of phosphate ore (photo: Anglo American)

These terms will prove decisive, with heightened market pressure leading to falling prices and deals being done. Billed as the most likely major to fail, Anglo American and its phosphate and niobium...

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