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.
May 14, 2024
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