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announcing plans to sell some of its legacy assets in an attempt to protect itself from current and future bids., will see anglo American sell its diamond business De Beers, its South Africa-based Anglo American Platinum Amplats — and its steelmaking coal assets.iron ore and crop nutrients businesses. Anglo American owns three of the top 10 producing copper mines in South America, with ample room for growth.
“Those assets that would be put up for sale will most certainly appeal to competitors, some in aggregate and some in part,” energy and mining analyst at Quilter Cheviot, Jamie Maddock, said in a note. The diamond producer used to be the prized possession of Anglo’s extensive business empire. It held a dominant position in the global precious stones market in terms of both overall sales and public perception, due to the long-lasting impact of its “A diamond is forever” campaign from the 1940s.Mark Wanblad said De Beers remained “a great business” and noted the unit had already attracted interest from prospective investors, without mentioning names.
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