Anglo American plots £2bn South African mines spin-off
Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.
The FTSE-100 giant, which wants to focus on diamonds, platinum and copper, is looking at packaging up its “non-core” thermal coal and iron ore assets in South Africa as it moves into the second stage of a sweeping restructuring.
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