
Duncan Wanblad-led Anglo American gets nod to spin off platinum unit
Anglo American has won shareholder approval to spin off its platinum arm, Valterra Platinum, effective May 31, 2025, as part of a major restructuring.
Anglo American has won shareholder approval to spin off its platinum arm, Valterra Platinum, effective May 31, 2025, as part of a major restructuring.
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
The deal, announced in February, solidifies Anglo’s strategic collaboration with Vale and positions both mining giants to enhance their production capacity.
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.
Zashvin is strengthening its position in Queensland’s coal sector by acquiring Anglo American’s minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines.