MMG, Anglo American Would Work With EU Watchdog in Case of In-Depth Probe

By Edith Hancock

Mining groups MMG and Anglo American would work with the European Commission if competition officials decide to open an investigation into MMG's $500 million purchase of Anglo American's Brazilian nickel business, the companies said Thursday.

The comments come after Bloomberg reported that the European Union executive wanted to launch an in-depth probe of the deal over concerns it could restrict supplies of ferronickel--an alloy used in stainless steel production--to European customers.

A commission spokesperson declined to comment. The watchdog has a deadline of Nov. 4 to decide whether to clear the deal after a preliminary review or deepen its scrutiny.

"The Commission has already spoken to the company's existing long-term customers in Europe who were unequivocal about MMG's reliability and dependability as a trusted supplier," MMG said.

If an in-depth probe were initiated, MMG said it would continue to work with regulators and was confident it could fully resolve their concerns.

Earlier this month, the companies offered concessions to the commission to get approval for the deal. In that offer, Anglo American would buy a minimum quantity of ferronickel from two of MMG's Brazilian mines equivalent to their current sales of the metal in Europe for up to 10 years.

MMG said Thursday that the proposed remedy would create more competition between suppliers in Europe, with both MMG and Anglo American operating in the market.

Write to Edith Hancock at edith.hancock@wsj.com

(END) Dow Jones Newswires

October 30, 2025 08:28 ET (12:28 GMT)