[miningmx.com] – THE sale of Anglo American’s Rustenburg platinum mines for $1.4bn would increase the value of the UK-listed stock 13%, said Bloomberg News citing a report by Deutsche Bank analyst, Rob Clifford.
“We think this offers Anglo the cleanest exit, minimizing legacy closure and employment obligations,’ Clifford said. Sibanye Gold has been identified as a possible suitor for the assets while M&A activity with other platinum companies being ruled out.
“Some mining industry participants are looking in general at M&A opportunities in the platinum industry. The ongoing strike may bring some of those opportunities to fruition,’ he said.
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