Anglo American to Keep Diamond, Platinum Businesses - For Now

The Wall Street Journal reported that Mark Cutifani, chief executive of Anglo American plc (LSE:AAL), said that his company does not plan to sell or spin off its diamond and platinum businesses, at least in the next couple of years.

As quoted in the market news:

‘On a one-to-two year view, it is not part of the plan,’ to remove diamonds and platinum from the portfolio, Mark Cutifani told analysts at Anglo American’s investor day. ‘If [upon] getting them to their potential, the market is not giving us credit’ for those businesses, then we can think about other strategic alternatives, he added.

Mr. Cutifani said ‘in the medium to longer term, all options remain on the table,’ but he noted that ‘there are so many opportunities to get those assets delivering to their potential that it would be wrong for us to run out.’

Click here to read the full report from The Wall Street Journal.