International Giant Officially Exits South African Company
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Guest: Peter Major, Director Of Mining At Modern Corporate Solutions
Anglo American has sold off its remaining shares in Valterra Platinum, marking the end of its time with the South African miner.
Anglo American Platinum was founded in 1995 following the unbundling of assets of Johannesburg Consolidated Investments (JCI) and its takeover by the Anglo American Group.
However, last year, Anglo American announced that it would unbundle Anglo American Platinum, now Valterra, as part of a global restructuring to counter a takeover bid from rival BHP.
Anglo American focused on getting ride of non-core assets that would free up cash and management time. The group decided to push out platinum, which has an uncertain future.
Anglo American has sold off its remaining shares in Valterra Platinum, marking the end of its time with the South African miner.
Anglo American Platinum was founded in 1995 following the unbundling of assets of Johannesburg Consolidated Investments (JCI) and its takeover by the Anglo American Group.
However, last year, Anglo American announced that it would unbundle Anglo American Platinum, now Valterra, as part of a global restructuring to counter a takeover bid from rival BHP.
Anglo American focused on getting ride of non-core assets that would free up cash and management time. The group decided to push out platinum, which has an uncertain future.
