[miningmx.com] – ANGLO American agreed to reduce its selling price of its 70%-held Amapa iron ore mine in Brazil following a landslide that damaged the port used by the project, said Bloomberg News.
In terms of the agreement, Anglo will buy the 30% it doesn’t own in the mine and include the stake in a $266m transaction with Zamin Ferrous. Bloomberg News said a previous agreement saw Anglo selling its 70% stake in Amapa to Zamin for $380m.
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