Anglo American signs iron ore supply agreement with CMRG
2026-08-15
Anglo American has announced a year-long iron ore supply agreement with the China Mineral Resources Group (CMRG), with deliveries commencing on April 1, 2026, from its South African subsidiary, Kumba Iron Ore. This strategic move aligns Anglo American with other major miners like BHP Group in engaging with China's centralized procurement entity, signaling an evolving landscape for global iron ore trade. The deal, while representing a small portion of Anglo American's total output, highlights the continued importance of the Chinese market for high-grade iron ore.
