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Home » Anglo demerger to gobble US$500 million… as Unki production dips
Companies & Markets

Anglo demerger to gobble US$500 million… as Unki production dips

written by Almot Maqolo, Staff Writer 0 comments
The committee said granting the provincial mining director extensive discretion to define a “fit and proper person” for an Exclusive Prospecting Licence lacks certainty, inviting misuse and corruption.
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ANGLO American expects the proposed demerger of its platinum group metals operation, Anglo-American Platinum, to consume up to US$500 million in taxes and transactional costs.The simplification of Anglo American’s current portfolio includes the demerger of a portion of its 67 percent stake in Anglo American Platinum.The London-based diversified miner expects the demerger to effective from…

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