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Anglo American has identified a “handful of assets” that it would like to fix and sell, CEO Mark Cutifani said.
Further, he hinted that the miner may not be a long-term investor in platinum once the market for the metal recovers. Anglo released the results of a review of its business and the 64 assets it owns around the world. The process has taken up most of this year since Mr Cutifani was appointed at the start of April.
The focus of the review was cash generation and the creation of value for the diversified resources company.
Anglo wanted to achieve 15% return on capital employed, which the company saw as a starting point for delivering value in the business, Mr Cutifani said.