Commentaries
Now raising intellectual capital
Anglo American clears more clutter
John Parker’s appointment as chairman of Anglo American seems to be having the desired catalytic effect – even though the British businessman is barely through the door.
Last month, the mining group disposed of its stake in Africa’s largest aluminium processor, Hulamin for a total of $150 million.
Now it is selling its stake in South African agri-processing group Tongaat-Hulett which could net it around $550 million.
This clears out most of the remnants from Anglo’s past as a diversified industrial holding company. Selling these bits and pieces has been a stated strategic objective for some time – so long as the price was right.
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The Wall
