Although in October 2009 the global mining giant Anglo American Mining Group announced the divestment of shares held by Brazilian Copebras, it still holds 27% of its shares. Anglo American Mining has been reconstructing the mining business as soon as possible and has already negotiated with several banks and hopes to help sell the remaining shares of Copebras through the bank.
According to the Anglo-American Mining Group report, Coperbras has been affiliated with the group since its inception in 1984. In order to promote the business restructuring, Anglo American Mining Group decided to phase out the company's Coperbras phosphate fertilizer, Peace River Coal Mine, and Scraw Metals. After the announcement of the sale of Copebras, the Brazil River Valley, Bunge, Galvani, AMA and the Egyptian fertilizer construction company OCI all expressed great interest in the acquisition. However, the buyers and sellers have not made much progress. At that time, Anglo-American Mining had an intentional price of 1 billion US dollars.
Copebras has phosphate fertilizer plants in Goias and São Paulo, with an annual production of 1.35 million tons of phosphate ore, 1.2 million tons of sulfuric acid, 280,000 tons of phosphoric acid, and 95,000 tons of phosphate fertilizer. In addition, the calcium phosphate produced by the plant reaches 50,000 tons per year. Last year, the plant's operating profit reached 81 million U.S. dollars, which was a year-on-year deficit (last year's loss was 40 million U.S. dollars). Last year, the company sold 99.81 million tons of chemical fertilizers. The strong demand and rising prices helped the company tide over the difficulties. Industry analysts speculate that, on the one hand, global supply of phosphate fertilizers will continue to increase, and profits will decline. On the other hand, due to inflation and increasing demand for food, demand for fertilizers is also increasing in volume and price. The complex situation will plague Anglo American. The plan, perhaps transferring the shares held to banks to get cash is the best strategy.
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