Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.
Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.
The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.