Anglo American plots ?2bn South African mines spin-off

By The Telegraph / October 30, 2016 / www.mining.com / Article Link

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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