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Under the deal, the London-based resources company received cash proceeds of approximately US$1.7bn, consisting of the agreed US$1.5bn plus approximately US$187mn of working capital and other adjustments, subject to certain post-closing adjustments.
Net proceeds, after taxes payable and transaction costs, of US$1.5bn from the sale will be used to reduce debt, Anglo said in a release on Friday.
The phosphates business consists of a mine, beneficiation plant, two chemical complexes and two further mineral deposits. The niobium business consists of one mine and three processing facilities, two non-operating mines, two further mineral deposits and sales and marketing operations in the UK and Singapore.
The businesses, located in the states of Goiás and São Paulo, generated total Ebitda of US$146mn in 2015, Anglo said previously.
Anglo aims to raise up to US$4bn through the sale of non-strategic assets as part of efforts to cut its debt.
The company said in December that it planned to radically restructure its portfolio by shrinking its operations 60% and slashing its workforce to 50,000 from 135,000, focusing on just three commodities: copper, diamonds and PGMs.