{"id":16106,"date":"2012-11-02T20:26:48","date_gmt":"2012-11-02T18:26:48","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/glencore-others-eye-anglos-amapa-iron-ore-operation\/"},"modified":"2012-11-02T20:26:48","modified_gmt":"2012-11-02T18:26:48","slug":"glencore-others-eye-anglos-amapa-iron-ore-operation","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/glencore-others-eye-anglos-amapa-iron-ore-operation\/","title":{"rendered":"Glencore, others eye Anglo&#8217;s Amapa iron ore operation"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Nov 2 (Reuters) &#8211; Commodities trader Glencore<br \/>\n is among a group of suitors considering an offer for<br \/>\nminer Anglo American&#8217;s majority stake in the Amapa iron<br \/>\nore operation in northern Brazil, according to sources familiar<br \/>\nwith the matter.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Anglo bought control of Amapa in 2008 from Brazilian<br \/>\nbillionaire Eike Batista&#8217;s MMX as part of the $5.5 billion Minas<br \/>\nRio acquisition. But the asset has been deemed non-core, and has<br \/>\nbeen on the block since last year.<\/p>\n<p><span><\/span><\/p>\n<p>Other bidders in the current second phase of the sale<br \/>\nprocess include Russia&#8217;s Severstal, privately owned<br \/>\nmining group Zamin &#8211; founded by Indian commodities investor<br \/>\nPramod Agarwal and which already owns assets in Brazil &#8211; and<br \/>\nAustralia&#8217;s Centaurus, also already working in the<br \/>\ncountry.<\/p>\n<p><span><\/span><\/p>\n<p>Glencore has ambitions to grow in iron ore, a key<br \/>\nsteelmaking ingredient in which it is not currently a major<br \/>\nplayer, but the commodities trader has also been selective on<br \/>\nthe assets it targets.<\/p>\n<p><span><\/span><\/p>\n<p>Glencore, Severstal and Zamin declined to comment. It was<br \/>\nnot immediately possible to reach Centaurus.<\/p>\n<p><span><\/span><\/p>\n<p>Anglo American also declined to comment.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Nov 2 (Reuters) &#8211; Commodities trader Glencore is among a group of suitors considering an offer for miner Anglo American&#8217;s majority stake in the Amapa iron ore operation in northern Brazil, according to sources familiar with the matter. Anglo bought control of Amapa in 2008 from Brazilian billionaire Eike Batista&#8217;s MMX as part of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16106","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16106"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16106\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}