Business
Anglo American’s Mogalakwena platinum mine is another asset on the chopping block. (Provided by Anglo American)
As Anglo American shareholders weigh the pros and cons of a takeover offer and an internally-led restructuring, one thing is already certain: the South African platinum business will be a big beneficiary.
BHP, which made a unilateral takeover offer to Anglo, has no desire to incorporate platinum group metals into its portfolio. The plunging metal prices in the company’s platinum business certainly doesn’t help, nor does it help that the assets are located in South Africa, which has to grapple with an electricity crisis and sensitive community issues.
For Anglo, plans to exit the platinum sector are no surprise.
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This is another fascinating ingredient!
“As Anglo shareholders weigh the pros and cons of a takeover offer and an internal restructuring, one thing is already certain: the SA Platinum business will reap significant benefits.”
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Source link: https://www.news24.com/fin24/companies/amplats-cant-escape-the-chopping-block-but-what-are-its-chances-for-a-buyer-20240520
