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BUZZ-Anglo American: rallies on sale of Brazilian business

Reuters - UK Focus

** Anglo American (LSE: AAL.L - news) +4% & top Stoxx 600 basic resources gainer after sells niobium & phosphates businesses to China Molybdenum for $1.5 bln cash

** Move to help reduce debts & part of wider strategic overhaul to cope with commodities rout

** Investec (LSE: INVP.L - news) says price fetched higher than market expected & sale positive for Anglo as it marks major first step towards delivery on recent promises

** Stock top FTSE 100 gainer