MMG Expands with US$500 Million Acquisition of Anglo's Nickel Business in Brazil

Deal News | Feb 20, 2025 | White & Case

Global law firm White & Case LLP has advised MMG Limited on its acquisition of Anglo American's nickel business in Brazil. This deal, valued at up to $500 million, marks MMG's first investment in Brazil and expands its portfolio in base metal commodities, specifically nickel. The acquisition includes major assets such as the Barro Alto and Codemin ferronickel mines and two significant greenfield growth projects, Jacar and Morro Sem Bon. The transaction was noted for its complexity and competitive nature, occurring amid a broader restructuring by Anglo American to concentrate on other core aspects of its portfolio. White & Case demonstrated its extensive global reach by mobilizing teams across various continents to facilitate this strategic and transformative transaction.

Sectors

Mining and Metals
Legal Services

Geography

Brazil – The acquisition targets Anglo American's nickel business in Brazil.
Global – Both MMG and White & Case operate globally, and the legal team involved spanned across multiple countries including Australia, Brazil, UK, Hong Kong, Singapore, and others.

Industry

Mining and Metals – The acquisition involves nickel mines and future mining projects, central to mining and metal industries.
Legal Services – White & Case, a law firm, played a pivotal role by advising on the legal aspects of the acquisition.

Financials

US$500 million – The cash consideration for the acquisition of Anglo American's nickel business by MMG.

Participants

Name	Role	Type	Description
MMG Limited	Buyer	Company	A global resources company focused on mining base metal commodities, expanding its presence into Brazil through this acquisition.
Anglo American	Seller	Company	A multinational mining company selling its Brazilian nickel business to focus on higher value commodities.
White & Case LLP	Legal Advisor	Company	A global law firm advising MMG Limited on the acquisition deal.