Anglo American, the leading global mining company, has finalised the demerger of around 51% of its stake in platinum group metals (PGM) business Valterra Platinum, alongside an associated share consolidation. This follows shareholder approval on 30 April 2025, with the demerger taking effect on 31 May and the share consolidation becoming effective on 1 June.
Post-demerger, Anglo American will retain roughly 19.9% of Valterra Platinum and plans to hold this stake for at least 90 days, managing it responsibly with a view to achieving a full separation over time.
Commenting on the milestone, Anglo American’s Chief Executive Duncan Wanblad said:
“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.” He added, “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 is 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.”
Valterra Platinum, formerly known as Anglo American Platinum, made its debut as an independent entity on the Johannesburg Stock Exchange on 28 May, completing its spin-off from Anglo American. The move aligns with Anglo American’s strategy to sharpen its focus on copper and iron ore sectors.
Currently, Anglo American is undertaking significant structural changes aimed at accelerating growth, improving operational excellence, and simplifying its portfolio.
About Anglo American
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.
