Analysts Say Anglo Likely to Sell or Shutdown Platinum Mines

Bloomberg reported Anglo American Plc (JSE:AAL) is more likely to sell or shut platinum mines than spin off its stake according to analysts.

As quoted in the market news:

Selling all of Anglo American Platinum would cut Anglo’s market value by about $15 billion, making it an “easier takeover target” for parties including a combined Glencore International Plc-Xstrata Plc, Clinton Duncan of Johannesburg- based Avior said by e-mail.

Click here to read the full Bloomberg report.