Anglo American’s Manganese Mines Targeted by BHP Spinoff South32

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Source: Adobe Stock/lcrms

Anglo American already has suitors waiting to buy its assets and gold prices fell a little but were still able to hold above $1,200 an ounce.

South32 Wants Anglo American’s Manganese Mines

South32 Ltd. — a spinoff of BHP Billitoncould be among the first to buy assets placed on the block this week by South Africa’s Anglo American PLC, with the Australian company saying it was interested in its manganese unit.

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The two companies share a manganese mining and smelting business located in Australia and South Africa, with Anglo American owning 40% of the division.

Gold Prices Fall, But Only a Little

Gold eased as stocks rebounded but managed to hold above $1,200 an ounce on bets the Federal Reserve could slow the pace of U.S. interest rate hikes.

Spot gold fell a bit this week but still ended above $1,200 an ounce. Source: Reuters

Spot gold fell a bit this week but still ended above $1,200 an ounce. Source: Reuters

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