Hints and tips:
...But Comuna do Ibitipoca, the estate set in the 3,000-hectare nature reserve of the same name in the rolling interior of Minas Gerais, is anything but typical....
...The structurally lower profitability prompts us to cut the market value of Spire’s property from £1bn to £500m.”Credit Suisse Credit Suisse said that deteriorating profitability affected the likelihood...
...Anglo’s Kumba iron ore mine in South Africa is unprofitable at spot prices while its Minas Rio project in Brazil risks being “lossmaking into perpetuity”, Barclays argued....
...But Minas-Rio is about to deliver its first ore into a much less welcoming world....
...Moving to “neutral,” the broker argued that delays to Anglo’s Minas Rio iron ore project in Brazil were draining value....
...Assets identified as non-core should fetch about $8bn, while the sale of a stake in its Minas Rio iron ore project in Brazil should be worth up to $3bn, it said....
...This could be done through the sale of a minority stake in an existing property company, perhaps through a stock market flotation....
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