Anglo American plans to split off platinum and coal business, divest De Beers, and focus on copper, iron ore, and crop nutrients.

Anglo American plans a radical restructuring, including splitting off its platinum and steelmaking coal business and divesting or demerging diamond company De Beers. This follows the rejection of a £34bn ($43bn) takeover bid from BHP. The company intends to focus on copper, premium iron ore, and crop nutrients, with proceeds from the split used to strengthen its balance sheet.