- Write by:
-
Wednesday, September 11, 2024 - 17:25:40
-
96 Visit
-
Print
Miner Anglo American on Tuesday launched an accelerated bookbuild offering of about 13 million shares of Anglo American Platinum (Amplats), ahead of the South African unit’s demerger expected next year.
London-listed Anglo American had said in May it was considering a demerger of Amplats in a move to reduce costs.
“The placing is intended to broaden the free float of Anglo American Platinum, reduce the number of shares distributed to Anglo American shareholders upon demerger and thereby reduce flowback following the demerger,” Anglo American said.
The shares on offer represent about 5% of Amplats’ total issued ordinary shares.
Amplats CEO Craig Miller had said in July the company is planning a secondary listing in London.
Short Link:
https://www.miningnews.ir/En/News/629037
Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week ...
The London Metal Exchange (LME) is tracking tightness in the aluminum market, which has seen a key spread shoot to a ...
Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its ...
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to ...
Zimbabwe’s poor infrastructure and policy inconsistencies are worsening the impact of depressed lithium prices on ...
Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in ...
As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power ...
South Africa’s donor-funded climate program has spent just over a sixth of its allotted $11.6 billion, with a focus on ...
Leading mining companies are struggling to balance investor expectations for hefty returns with paying the necessary ...
No comments have been posted yet ...