Anglo American to divest $527 million of Amplats as part of restructuring strategy
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.
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.
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
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.
His total salary package as the new CEO is expected to be significantly higher.