Glencore (GLCNF.PK) is among a group of suitors considering an offer for Anglo American's...
Friday, November 2, 2012, 11:44 AM ETGlencore (GLCNF.PK) is among a group of suitors considering an offer for Anglo American's majority stake in the Amapa iron ore operation in Brazil, Reuters reports. Anglo bought control of Amapa in 2008 as part of its $5.5B Minas Rio acquisition, but it deemed the asset non-core last year. Glencore has ambitions to grow in iron ore, a key steelmaking ingredient in which it is not a major player.
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