Latest news with #DuncanWanblad
Yahoo
a day ago
- Business
- Yahoo
Anglo American completes demerger of majority stake in Valterra Platinum
Anglo American has announced the successful completion of the demerger of approximately 51% of its interest in platinum group metals (PGM) business Valterra Platinum and the associated share consolidation. This strategic move follows the approval by shareholders on 30 April 2025, with the demerger taking effect on 31 May and the share consolidation becoming effective on 1 June. Post-demerger, Anglo American will retain approximately 19.9% of Valterra Platinum and intends to hold this shareholding for at least 90 days following the demerger, with responsible management of this position over time to achieve a full separation. Anglo American chief executive Duncan Wanblad said: 'This is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. 'Valterra Platinum has been a major part of the company for many years, but now is the right time for it to optimise its value creation prospects on an independent path – it is an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.' Valterra Platinum marked its entry on the Johannesburg Stock Exchange as an independent entity on 28 May, finalising its spin-off from Anglo American. The demerger of the Johannesburg, South Africa-based PGM producer, formerly known as Anglo American Platinum, is in line with Anglo's strategy to focus on the copper and iron ore sectors. Currently, Anglo American is making several major structural changes to rapidly deliver its strategic priorities of growth, operational excellence and portfolio simplification. "Anglo American completes demerger of majority stake in Valterra Platinum" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Business
- Yahoo
Anglo American completes demerger of majority stake in Valterra Platinum
Anglo American has announced the successful completion of the demerger of approximately 51% of its interest in platinum group metals (PGM) business Valterra Platinum and the associated share consolidation. This strategic move follows the approval by shareholders on 30 April 2025, with the demerger taking effect on 31 May and the share consolidation becoming effective on 1 June. Post-demerger, Anglo American will retain approximately 19.9% of Valterra Platinum and intends to hold this shareholding for at least 90 days following the demerger, with responsible management of this position over time to achieve a full separation. Anglo American chief executive Duncan Wanblad said: 'This is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. 'Valterra Platinum has been a major part of the company for many years, but now is the right time for it to optimise its value creation prospects on an independent path – it is an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.' Valterra Platinum marked its entry on the Johannesburg Stock Exchange as an independent entity on 28 May, finalising its spin-off from Anglo American. The demerger of the Johannesburg, South Africa-based PGM producer, formerly known as Anglo American Platinum, is in line with Anglo's strategy to focus on the copper and iron ore sectors. Currently, Anglo American is making several major structural changes to rapidly deliver its strategic priorities of growth, operational excellence and portfolio simplification. "Anglo American completes demerger of majority stake in Valterra Platinum" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
a day ago
- Business
- Zawya
Anglo American Valterra Platinum demerger completed
Following the approval by shareholders on Wednesday, 30 April 2025, the demerger of Anglo American's interest in Valterra Platinum Limited and the associated share consolidation of Anglo American has been completed, with the share consolidation becoming effective on Sunday, 1 June 2025. Valterra Platinum's debut on the JSE follows the demerger of Anglo American's interest in the company The admission of Anglo American's new ordinary shares to the equity shares (commercial companies) listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities took place at 8 am today, 2 June, Monday. This was along with the listing and commencement of dealings in entitlements to Anglo American's new ordinary shares on the JSE. The shares of Valterra Platinum will also be admitted to the equity shares (international commercial companies secondary listing) listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities at 8 am, Monday, 2 June. This listing will be alongside Valterra Platinum's existing primary listing on the Johannesburg Stock Exchange. A major step to unlock the inherent value Duncan Wanblad, Chief Executive of Anglo American, says: 'This is an important moment for both Anglo American and Valterra Platinum. "For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. "Valterra Platinum has been a major part of the company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it's an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.' Following the demerger Anglo American will continue to hold c.19.9% of Valterra Platinum and intends to retain this shareholding for at least 90 days following the demerger (subject to appropriate exceptions for any sale to maintain, and not exceed, this c.19.9% interest), with this shareholding position to be managed responsibly over time to effect a full separation. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Evening Standard
3 days ago
- Business
- Evening Standard
Drug maker Indivior to abandon London stock market for the US
Duncan Wanblad, Anglo American's chief executive, said: 'Valterra Platinum has been a major part of the company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it's an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.'
Zawya
13-05-2025
- Business
- Zawya
Anglo American appoints Tom McCulley as technical director
Anglo American has appointed Tom McCulley as technical director, with immediate effect. Anglo American has appointed Tom McCulley would become its new technical director McCulley's appointment follows Matt Daley's decision to take up a senior executive role outside Anglo American, having served as technical & operations director since 2023, after joining Anglo American as group head of mining in 2017. McCulley will continue as a member of Anglo American's executive leadership team. Duncan Wanblad, chief executive of Anglo American, says, "I am delighted that Tom brings his decades-long experience across the extractives industry to take up the role of technical director, leading our global technical disciplines from discovery through to processing as well as our critical safety, health and environment work. Tom's outstanding technical and leadership capabilities position him well to support our operations in sustaining their much-improved performance and identifying opportunities for further value enhancement. "We congratulate Matt on his new role and we wish him every success. In his eight years at Anglo American, Matt has brought his considerable energy and passion for mining to his teams and the company as a whole. We thank him for his significant contribution, most recently his leadership in driving operational excellence, and nowhere more so than in the extensive safety improvement work that he has championed." McCulley and Daley will work together over the coming months to ensure a smooth transition before Daley leaves Anglo American later in 2025. McCulley will also retain his responsibility for Anglo American's Crop Nutrients business.
