Anglo American, which has become a takeover target of BHP (, will divest or demerge from its platinum, steelmaking coal and diamond businesses in its biggest shake-up in a generation, in a move that it hopes will appease shareholders.

The group said on Tuesday that it would demerge Anglo American Platinum (Amplats) “in a responsible and orderly way” to optimise value for both Anglo and Amplats’ shareholders...

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