Anglo American Seeks to Buy $3.8 Billion U.K. Potash Mine

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Anglo American Plc said it’s in advanced talks over a possible takeover offer for troubled Sirius Minerals Plc, which is struggling to build a $3.8 billion potash mine in the U.K.The potential acquisition of Sirius comes after Chief Executive Officer Mark Cutifani strengthened the balance sheet of Anglo, whose mining portfolio spans copper and iron ore to platinum and diamonds. The company said it had identified the potential of Sirius’s potash mine some time ago, given its projected scale, lifespan and profit …read more

Source:: Yahoo Finance

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