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

Zimbabwe's mining sector is the backbone of its economy, contributing over 80% to national export earnings.

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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