Shearman & Sterling is advising Anglo American in its joint venture with Vale S.A. involving the acquisition by Anglo American Minério de Ferro Brasil S.A. (Anglo American Brasil) of the Serra da Serpentina iron ore resource, which is expected to be integrated into Anglo American’s existing Minas-Rio mine complex in Brazil, and the concurrent acquisition by Vale of 15% of the issued and outstanding shares of Anglo American Brasil. The transaction is expected to complete in the fourth quarter of 2024, subject to regulatory conditions.

The Team