Anglo American to spin-off its Anglo American Platinum business in a $7.4bn deal.

Anglo American, a global mining company with a portfolio that spans diamonds, platinum, copper, iron ore & more, is set to spin-off its Anglo American Platinum business in a $7.4bn deal. "We set out our clear strategic priorities earlier this year – operational excellence, portfolio simplification, and growth. Our decision to focus Anglo American’s portfolio in our world-class resource asset base in copper and premium iron ore – while retaining our crop nutrients optionality at Woodsmith – marks a major new phase in executing our strategy," Duncan Wanblad, Anglo American CEO.