BRIEF-Anglo American Plans To Demerge Anglo American Platinum


Reuters | Updated: 14-05-2024 11:46 IST | Created: 14-05-2024 11:46 IST
BRIEF-Anglo American Plans To Demerge Anglo American Platinum

Anglo American PLC: * ANGLO AMERICAN PLC - ANGLO AMERICAN ACCELERATES DELIVERY OF STRATEGY

* ANGLO AMERICAN PLC - ANGLO AMERICAN ACCELERATES DELIVERY OF STRATEGY * ANGLO AMERICAN - PLANS TO IMPLEMENT A NUMBER OF MAJOR STRUCTURAL CHANGES

* ANGLO AMERICAN : STEELMAKING COAL - TO BE DIVESTED AND CURRENTLY RESPONDING TO STRONG BUYER INTEREST * ANGLO AMERICAN - ANGLO AMERICAN PLATINUM - TO BE DEMERGED

* ANGLO AMERICAN : NICKEL - EXPLORING OPTIONS FOR CARE AND MAINTENANCE AND DIVESTMENT * ANGLO AMERICAN - DE BEERS - TO BE DIVESTED OR DEMERGED, TO IMPROVE STRATEGIC FLEXIBILITY FOR BOTH DE BEERS AND ANGLO AMERICAN

* ANGLO AMERICAN : FURTHER $0.8 BILLION OF COST OUT FROM END OF 2025 IS TARGETED * ANGLO AMERICAN - ANGLO AMERICAN IS ON TRACK TO ACHIEVE PREVIOUSLY ANNOUNCED RUN RATE OF US$1 BILLION ANNUAL SAVINGS IN OPERATING EXPENDITURE IN 2024

* ANGLO AMERICAN - CAPITAL EXPENDITURE REDUCTION OF US$1.6 BILLION OVER NEXT THREE YEARS SET OUT IN DECEMBER 2023 IS ALSO ON TRACK * ANGLO AMERICAN - STEELMAKING COAL -. ANGLO AMERICAN INTENDS TO DIVEST ITS HIGH QUALITY STEELMAKING COAL BUSINESS

* ANGLO AMERICAN : "ANGLO AMERICAN'S PORTFOLIO AND STRUCTURE ARE SIMPLER WITHOUT ANGLO AMERICAN PLATINUM" * ANGLO AMERICAN - EXPECTS CHANGES TO PRESENT NUMEROUS OPPORTUNITIES FOR ANGLO AMERICAN'S WORKFORCE

* ANGLO AMERICAN - ACKNOWLEDGES THAT MANY OF INTENDED PORTFOLIO AND OTHER CHANGES SET OUT ABOVE MAY CREATE UNCERTAINTY FOR ANGLO AMERICAN'S WORKFORCE * ANGLO AMERICAN: ON WOODSMITH CROP NUTRIENTS PROJECT, CO TO SLOW INVESTMENT - WHICH IT EXPECT TO BE REDUCED TO $0.2 BILLION IN 2025; NO CAPEX IN 2026

* ANGLO AMERICAN : "ANGLO AMERICAN'S PORTFOLIO AND STRUCTURE ARE SIMPLER WITHOUT ANGLO AMERICAN PLATINUM" * ANGLO AMERICAN - ONGOING WORKFORCE AND WIDER RECONFIGURATIONS OF ANGLO AMERICAN PLATINUM AND KUMBA, AS SET OUT IN FEB 2024, CONTINUE AND NOT AFFECTED Source text for Eikon: Further company coverage:

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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