Anglo sets completion date for chromite assets sale

• Autores: Davide Ghilotti
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 600, 2018 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The divestment process for the chromite assets started almost one year ago, when Anglo announced its intention to sell its controlling stakes in the two operations as part of a drive to reposition its portfolio amid weak conditions in the platinum and platinum group metals markets.The miner manages and owns 85% of Union Mine, where it extracts UG2 chrome and related products, and has a 50.1% controlling stake in Masa Chrome, through its wholly owned subsidiary Rustenburg Platinum Mines. “Anglo American Platinum has executed a core part of its strategy of repositioning the portfolio,” Chris Griffith, chief executive officer of Anglo American Platinum, said.