Anglo Sells Brazil Assets for $500M, Targets June to Demerge Amplats

New Delhi; Anglo American has announced the sale of its Brazilian assets for $500 million as part of its broader strategy to streamline operations and focus on core business areas. The divestment comes as the company prepares to demerge its platinum subsidiary, Anglo American Platinum (Amplats), with a target completion date set for June 2025.

The asset sale includes the disposal of nickel and iron ore operations, aligning with Anglo’s plan to optimize its portfolio and reinforce its financial position. The move reflects the company’s shift towards high-value resources, including copper and premium iron ore, to drive future growth.

Duncan Wanblad, CEO of Anglo American, stated that the transaction marks a strategic milestone, enabling the company to reallocate capital toward higher-margin assets. The divestment also strengthens Anglo’s balance sheet, ensuring greater financial flexibility amid evolving market conditions.

In parallel, the planned demerger of Amplats is expected to enhance the platinum miner’s independence, allowing it to pursue its own growth trajectory while unlocking value for shareholders. The spin-off aligns with Anglo’s strategy of simplifying its portfolio and concentrating on commodities with long-term demand prospects.

Industry analysts see these developments as a decisive step in reshaping Anglo American’s future. The company’s strategic realignment signals its commitment to maximizing shareholder returns while navigating the dynamic global commodities market. With the completion of these transactions, Anglo American is poised to reinforce its competitive edge in the evolving mining landscape.