UK’s Anglo American sells Valterra Platinum stake for $2.5 billion

(Reuters) -Global miner Anglo American on Thursday said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum, its former subsidiary.

Anglo has been selling or spinning off non-core assets to focus on copper and iron ore, since BHP's failed takeover attempt last year.

(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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