Anaconda denies newspaper claims a share deal is imminent

ANACONDA Nickel's embattled chief executive, Andrew Forrest, may survive an attempt by Anglo American and Glencore to oust him from the board after the company confirmed it is in advanced negotiations with a $20-billion international fund.

The Australian Financial Review reported today Forrest has raised a crucial $99.3 million by placing about 14.5% of the company, or 53.7 million shares, at $1.