Zimbabwe’s third-largest platinum group metals (PGM) producer, Unki Mine‘s parent company, Anglo American Platinum (Amplats), has proposed a name change to Valterra Platinum as part of its plans to spin off into a standalone unit, Mining Zimbabwe can report.
By Rudairo Mapuranga
The company announced on Thursday, stating that the rebranding aligns with its strategy as it moves toward independence from Anglo American Plc.
Amplats, the world’s leading producer of platinum group metals by volume, is expected to complete its separation from the parent company by June. This move comes as Anglo American Plc shifts its focus toward key energy transition metals, such as copper and iron ore, reflecting its strategy to prioritize metals critical to the global energy transition.
The proposed name change will be subject to approval by Amplats’ shareholders at the company’s annual general meeting, scheduled for May 8. If approved, the company will continue to be listed primarily on the Johannesburg Stock Exchange and maintain a secondary listing on the London Stock Exchange.
Unki Mine, located in Zimbabwe, remains a critical asset for Amplats, contributing significantly to the company’s overall PGM production. The proposed rebranding and spin-off are expected to enhance the operational focus of Unki and other Amplats subsidiaries, allowing them to pursue growth opportunities more independently within the PGM sector.
This development marks a significant step in the evolution of Amplats as it positions itself for future growth in a rapidly changing global metals market.
