Reuters reported that Mark Cutifani, chief executive of Anglo American plc (LSE:AAL), said his company is not looking to sell its stake in the Samancor manganese joint venture with BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT).
Cutifani also said Anglo American Platinum Ltd.’s (OTCMKTS:AGPPY) South African platinum assets likely won’t be sold by 2015.
As quoted in the market news:
‘I know (Amplats CEO) Chris (Griffith) has said he can get it done by the end of 2015, that may be a little bit optimistic,’ Mark Cutifani said in a call with journalists.
He was referring to the decision to sell its platinum assets announced earlier this week by Anglo’s subsidiary Anglo American Platinum (Amplats).
‘Certainly that would be a target that we want to try and achieve, but I wouldn’t hardwire that because quite simply there are always a few things that are quite complex,’ Cutifani said.
|There is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.|