Anglo American completed the spin-off of 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, completed the spin-off of its Anglo American Platinum business in a $7.4bn deal. “This is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. Valterra Platinum has been a major part of the Company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it’s an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry," Duncan Wanblad, Anglo American Chief Executive.