Anglo American Offloads $403 Million Stake in Amplats
Anglo American has raised R7.2 billion (US$403.21 million) by selling a 5.3% stake in Anglo American Platinum (Amplats) as part of plans to demerge its South African unit next year. The sale of 13.9 million shares at $28.84 per share is aimed at increasing Amplats’ free float and reducing market disruptions during the demerger.
by Rudairo Mapuranga
Amplats CEO Craig Miller also announced a potential secondary listing in London to attract more international investors and improve liquidity.
In Zimbabwe, where Amplats operates Unki Mine, these changes are significant.
Unki is a key producer of platinum, palladium, and rhodium, which are essential for the automotive and green energy sectors. This aligns with Zimbabwe’s goals to boost mineral production and attract foreign investment, positioning the country as a key player in the global PGMs market.
Unki is expected to benefit from rising demand for sustainable energy and electric vehicles.