Analysts say Anglo American's (AAUKY.PK, AAUKF.PK) sale of the Amapa operation, which requires...

|About: Anglo American plc ADR (AAUKY)|By:, SA News Editor

Analysts say Anglo American's (AAUKY.PK, AAUKF.PK) sale of the Amapa operation, which requires further investments to boost efficiency, will free up the company to focus on its Minas-Rio iron ore project in Brazil. Although an Amapa disposal should be seen as positive given its historically low profitability, Canaccord analysts expect a deal to bring in less than $100M.