(Pavlo Gonchar/ Getty Images)
The sale of Anglo American’s assets is not being given the attention it deserves, argues Xavier Prévost.
The dust has not yet settled after the Australian mining company BHP made an unsuccessful bid to buy Anglo American. And the turmoil is unlikely to end soon. Anglo was in the news again at the end of June when its Grosvenor coal mine in Queensland, Australia, caught fire after a methane explosion, causing damage that may take years to put right.
In April, BHP offered $49 billion for Anglo, which is no longer South African but based in the UK and listed on the London Stock Exchange. However, Anglo remains the world’s largest producer of platinum from a South African site near Rustenburg , 140km northwest of Pretoria.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
