LONDON (AP) -- Mining company Anglo American says it is selling two steel businesses in the Americas to OneSteel Ltd. of Australia for $932 million.
Anglo American said Monday that the sale is part of a process of focusing on its core commodities businesses.
OneSteel is buying Moly-Cop, based in Santiago, Chile, which produces grinding balls for mine milling, and AltaSteel of Edmonton, Canada, a steel producer.
The sale is subject to regulatory approval in Canada, and a regulatory review in Australia and Brazil.
