Anglo American has announced the successful completion of the demerger of approximately 51% of its interest in platinum group metals (PGM) business Valterra Platinum and the associated share consolidation.
This strategic move follows the approval by shareholders on 30 April 2025, with the demerger taking effect on 31 May and the share consolidation becoming effective on 1 June.
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Post-demerger, Anglo American will retain approximately 19.9% of Valterra Platinum and intends to hold this shareholding for at least 90 days following the demerger, with responsible management of this position over time to achieve a full separation.
Anglo American 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.
“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 marked its entry on the Johannesburg Stock Exchange as an independent entity on 28 May, finalising its spin-off from Anglo American.
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By GlobalDataThe demerger of the Johannesburg, South Africa-based PGM producer, formerly known as Anglo American Platinum, is in line with Anglo’s strategy to focus on the copper and iron ore sectors.
Currently, Anglo American is making several major structural changes to rapidly deliver its strategic priorities of growth, operational excellence and portfolio simplification.
