The Anglo survival handbook
Miner unveils restructuring proposal that largely mirrors BHP’s, but in simpler terms
16 May 2024 - 05:02
Three weeks after rejecting the first of two takeover proposals from BHP, Anglo American has finally played its hand — proposing a restructuring that ends its time-honoured links with De Beers via a trade sale or demerger, and unbundles its 79% stake in JSE-listed platinum group metals miner Amplats.
It also plans to sell its metallurgical coal assets in Australia, and either close or sell nickel mines. No decision has been made about manganese assets in the Northern Cape that it shares with South32...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.