Anglo American Platinum, the world’s leading platinum producer, has announced plans to rebrand as Valterra Platinum as part of its separation from the Anglo American group. The proposed name change, which requires shareholder approval, will be decided at the upcoming annual general meeting (AGM) scheduled for 8 May. If approved, the company will begin trading under its new identity, Valterra Platinum Limited, on the Johannesburg Stock Exchange from 28 May.
The rebranding comes as Anglo American undergoes a strategic shift, restructuring to focus primarily on copper, iron ore, and fertilizer. As part of this transition, Anglo American will reduce its stake in Amplats from 67% to approximately 20%, with plans to gradually dispose of the remaining shares in an orderly manner. This divestment strategy is intended to manage the recent decline in Amplats’ share price and ensure stability throughout the process.
Despite the ownership changes, Amplats remains optimistic about the future. The company has expressed enthusiasm for its upcoming independence and aims to unlock greater value from its existing platinum portfolio. Amplats will outline its strategic direction and priorities at its upcoming Capital Markets Day, where it plans to showcase its growth ambitions as Valterra Platinum.