COMPANIES

Anglo toys with non-core spin-off

Major diversified miner Anglo American (LN:AAL) is apparently considering spinning out a subsidiary housing its non-core South Africa coal and iron ore assets in the ilk of BHP Billiton’s (AU:BHP) non-core South32 (AU:S32) spin-off 18 months ago.

Anglo's South Africa coal operations could form part of a new company designed to recognise better shareholder value

Anglo's South Africa coal operations could form part of a new company designed to recognise better shareholder value

The broad plans for what could be a circa US$3.3 billion demerger – presumably prompted by the lack of buyers for the assets as stand-alone sales – were revealed in a report from The Telegraph over the...

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