Statement regarding Anglo American
14 May, 2024
Shareholders are referred to the announcement made by Anglo American plc (“Anglo American”) today, 14 May, regarding Anglo American’s plans to implement a number of major portfolio changes following completion of its asset review, including a demerger of Anglo American Platinum Limited (“Anglo American Platinum”) in a responsible and orderly way to optimise value for both Anglo American’s and Anglo American Platinum’s shareholders.
Anglo American Platinum believes that the Company’s assets have exceptional potential and is currently setting up the business to be resilient and deliver sustainable returns through the cycle as one of the world’s leading PGMs producers, despite the current cyclical downturn. Anglo American and Anglo American Platinum are working together to transform the Company to generate multi-decade cash flows, high returns and delivering its full potential. The ongoing reconfiguration of Anglo American Platinum and associated employee consultation process, announced in February 2024, will continue and are not affected by this announcement.
A copy of the announcement by Anglo American can be accessed on the Anglo American website at www.angloamerican.com