{"id":153826,"date":"2025-06-03T03:55:19","date_gmt":"2025-06-03T03:55:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/153826\/"},"modified":"2025-06-03T03:55:19","modified_gmt":"2025-06-03T03:55:19","slug":"platinum-miner-shows-its-mettle-anglo-americans-spin-off-climbs-on-london-debut-in-boost-for-the-city","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/153826\/","title":{"rendered":"Platinum miner shows its mettle: Anglo American&#8217;s spin-off climbs on London debut in boost for the City"},"content":{"rendered":"<p class=\"author-section byline-plain\">By JESSICA CLARK <a rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/follow?screen_name=jclarkjourno&amp;tw_p=followbutton\" class=\"twitter-follow-author\"><\/a> <\/p>\n<p class=\"byline-section\"> Updated:  17:00 EDT, 2 June 2025   <\/p>\n<p class=\"mol-para-with-font\">Shares in the platinum arm of Anglo American edged higher on their London debut in a boost for the City.<\/p>\n<p class=\"mol-para-with-font\">The mining giant spun off its Amplats business \u2013 renamed Valterra Platinum \u2013 as part of a restructuring plan launched last year to defeat a takeover bid by rival BHP.<\/p>\n<p class=\"mol-para-with-font\">Valterra yesterday launched its secondary listing on the London Stock Exchange about a week after making its market debut in Johannesburg.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Shares started trading at 2,830p and closed up 2 per cent at 2,890p, valuing it at \u00a37.8billion.<\/p>\n<p class=\"mol-para-with-font\">The firm \u2018briefly\u2019 considered a US listing but \u2018discounted [that idea] quite early on\u2019, Valterra chief executive Craig Miller said.<\/p>\n<p class=\"mol-para-with-font\">Instead, the firm chose London\u2019s stock market for its mining sector knowledge and experience.\u00a0<\/p>\n<p>   <img decoding=\"async\" id=\"i-53e4c97487b79150\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/98972547-14773311-image-a-1_1748884752491.jpg\" height=\"421\" width=\"634\" alt=\"Debut: Anglo American spun off its Amplats business - renamed Valterra Platinum - as part of a restructuring plan to defeat a takeover bid by rival BHP\" class=\"blkBorder img-share\" style=\"max-width:100%\" loading=\"lazy\" \/>   <\/p>\n<p class=\"imageCaption\">Debut: Anglo American spun off its Amplats business &#8211; renamed Valterra Platinum &#8211; as part of a restructuring plan to defeat a takeover bid by rival BHP<\/p>\n<p class=\"mol-para-with-font\">And the location will make it easier for Anglo American shareholders in the UK to buy in to the firm.<\/p>\n<p class=\"mol-para-with-font\">Miller said: \u2018It\u2019s predominantly to enable Anglo American\u2019s existing shareholders offshore of South Africa to continue to hold shares in Valterra Platinum.\u2019<\/p>\n<p class=\"mol-para-with-font\">The spin-off came as a \u2018surprise\u2019 to Miller when the plan was unveiled by Anglo chief executive Duncan Wanblad last year. It was part of a huge overhaul of the FTSE 100 company, which is listed in London.<\/p>\n<p class=\"mol-para-with-font\">Anglo has sold its steel making coal and nickel businesses and is planning to offload diamond firm De Beers \u2013 although a time frame has not been set.<\/p>\n<p class=\"mol-para-with-font\">Anglo will continue to hold a near-20 per cent stake in Valterra. Wanblad said: \u2018For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, iron ore and crop nutrients.\u2019<\/p>\n<p> &#8230;but Indivior quits LSE\u00a0 <\/p>\n<p class=\"mol-para-with-font\">Indivior has become the latest firm to quit London\u2019s stock market for the US.<\/p>\n<p class=\"mol-para-with-font\">The pharmaceutical group moved its primary listing to New York last year.<\/p>\n<p class=\"mol-para-with-font\">And yesterday it revealed it will cancel its secondary listing in London in another blow to the City.\u00a0<\/p>\n<p class=\"mol-para-with-font\">The liquidity on Nasdaq \u2018far outweighed\u2019 that of London, an Indivior spokesman said.<\/p>\n<p class=\"mol-para-with-font\">The London Stock Exchange last year saw 88 firms delist or transfer their primary listing \u2013 the most since 2009.<\/p>\n<p>  DIY INVESTING PLATFORMS<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922916_514_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922916_514_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<\/p>\n<p>Easy investing and ready-made portfolios<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<\/p>\n<p>Free fund dealing and investment ideas<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<\/p>\n<p>Flat-fee investing from \u00a34.99 per month<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922919_105_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922919_105_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<\/p>\n<p>Account and trading fee-free ETF investing<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922919_386_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/1748922919_386_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<\/p>\n<p>Free share dealing and no account fee<\/p>\n<p class=\"tim-affiliate-text\">Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.<\/p>\n<p><a href=\"https:\/\/www.thisismoney.co.uk\/money\/diyinvesting\/article-1718291\/Pick-best-cheapest-investment-Isa-platform.html?ico=tim-affiliate_desktop_bottom-link-click\" target=\"_blank\" class=\"optional-btn-wrapper\" rel=\"noopener\">Compare the best investing account for you <\/a><\/p>\n<p>                    Share or comment on this article:<br \/>\n                        Platinum miner shows its mettle: Anglo American&#8217;s spin-off climbs on London debut in boost for the City<\/p>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"By JESSICA CLARK Updated: 17:00 EDT, 2 June 2025 Shares in the platinum arm of Anglo American edged&hellip;\n","protected":false},"author":2,"featured_media":153827,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,393,4884,257,1232,1284,1283,16,15],"class_list":{"0":"post-153826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-london","12":"tag-money","13":"tag-moneymarkets","14":"tag-thisismoney","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114617419798650609","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/153826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=153826"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/153826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/153827"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=153826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=153826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=153826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}