[miningmx.com] – THE proposed distribution of Glencore’s 24.9% stake in Lonmin to the Swiss group’s shareholders was an indication of how difficult it was to sell platinum assets in the current market, said Bloomberg News.
Citing Sibonginkosi Nyanga, an equity research analyst at Imara SP Reid, the newswire said Anglo American Platinum’s (Amplats’) proposed sale of its Rustenburg shafts and Union section may fail which would see it opt for an unbundling and separate listing of the assets.
“Looking at what Glencore did, one could easily infer it will be difficult for Amplats to get what they’re really looking for,” said Nyanga. This “put the second option on the table — that they might end up listing their mines”.
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