Anglo American, the mining group led by South African executive Duncan Wanblad, is facing fresh scrutiny after Brazils competition authority opened an investigation into its planned 500 million nickel sale. The probe follows a February agreement to sell Anglos nickel business to MMG Singapore Resources , part of China-backed MMG Limited.
Cade reviews Anglos 500 million nickel deal
Brazils regulator, known as Cade, said it had launched a review into the deal, but emphasized that the process does not automatically signal it will be blocked. Still, the inquiry marks another hurdle in Anglos effort to reshape its portfolio.