Anglo American Announces Major Restructuring Amid Takeover Battle

The mining giant plans to divest key assets, including De Beers, to streamline operations and enhance shareholder value.

Anglo American will spin off its platinum business and sell its coal unit used in steel production.
The company aims to focus on copper and iron ore, which constituted over two-thirds of its profit last year.
BHP's $43 billion takeover bid was rejected, prompting Anglo to simplify its business structure.
Analysts suggest the restructuring may make Anglo more attractive to future bidders.
The reorganization is expected to lower costs by $1.7 billion and improve operational performance.