Online Reporter
In May 2024, Anglo American plc announced its plan to streamline its portfolio. As part of this strategy, Anglo American separated its interest in its subsidiary, Anglo American Platinum Limited (AAP).
This separation was achieved through a distribution in specie whereby Anglo American transferred its shares in AAP directly to its shareholders.
As part of the demerger, Anglo American Platinum Limited was renamed Valterra Platinum Limited. It will remain listed on the Johannesburg Stock Exchange.
It has also secured a secondary listing on the London Stock Exchange with effect from 2 June 2025.
The name “Valterra” is derived from two district components: “Val” and “Terra” with Val coming from the word value and representing the value they create, not just in what they mine but in the way they work, the opportunities they create and their contribution to society.
Terra, meaning earth in Latin, speaks to their foundation, their responsibility and their commitment to sustainability and progress.
Valterra Platinum is one of the largest producers of Platinum Group Metals, with strategic operations across Zimbabwe and South Africa.
The newly independent miner, which controls 30 percent of the world’s PGM reserves, says the demerger will enhance the operational focus of Unki and its other operating mines, allowing them to pursue growth opportunities more independently within the PGM sector.
On Wednesday, a ceremony was held at Unki Mine in Shurugwi where Mr Craig Miller, the chief executive officer for Valterra Platinum, said they have a rich legacy with Anglo American Group.
“We have a rich legacy, created over many years, as part of the Anglo-American Group. Much of this legacy will remain within Valterra Platinum. We remain committed to creating a safe and supportive working environment for all colleagues. As we step into this new chapter, we will continue delivering returns to our shareholders and creating value for all our stakeholders, sustaining jobs, supporting economies in Zimbabwe and South Africa, and producing critical minerals for a sustainable future.,” he said.
Shurugwi community is ready to work with Valterra Platinum.
Shurugwi North Constituency legislator, Joseph Mpasi, highlighted the importance of the development towards the district’s GDP, and extended his gratitude to Valterra Platinum for the impact the company is going to bring to the community.
“This is a good initiative because it aligns with the Second Republic’s agenda of leaving no one and no place behind in the development matrix. Surely, we are poised for great things as Shurugwi district through mining activities. The local community is optimistic that the development by the new entity will transform their area,” he said.
The Shurugwi community is very optimistic about the rebranding exercise and is pinning its hopes on another renewed, fruitful relationship with the new entity, Valterra Platinum.
“From what they promised us, our lives will change for the better. Before this rebranding and transmission of shares, we used to work well with the Anglo American Platinum group, and we are hopeful that they will continue to work with us in the same manner,” said Chief Banga.
He said they were optimistic about Valterra Platinum bringing socio-economic developments such as clinics, schools as well as roads.
“Valterra Platinum has got a future and we are looking forward to them adding value by creating jobs for the community members. They have also invited the chiefs of the community, which is a great gesture because they are the ones who give guidance and knowledge about the place. Their initiative of creating value aligns with Vision 2030,” he said.
Key steps in the demerger process:
30 April 2025 Anglo American plc General Meeting approved the demerger
8 May 2025. Anglo American Platinum Limited AGM approved the name change of the company to
Valterra Platinum Limited
27 May 2025 Termination date for trading on the Johannesburg Stock Exchange under the name of
“Anglo American Platinum Limited”
28 May 2025 Commencement date for trading on the Johannesburg Stock Exchange under the new name of “Valterra Platinum Limited
2 June 2025 Listing of Valterra shares on the London Stock Exchange Valterra Platinum Limited is one of the world’s leading primary producers of PGMs and, in 2024, accounted for approximately 33 percent of global platinum production, 19 percent of global palladium production and 35 percent of global rhodium production. It provides a complete resource-to-market service and supplies its network of international customers with a range of responsibly mined, refined and traded products.
Valterra Platinum is a company with excellent prospects and a successful track record. Its assets possess outstanding geological potential and leading market positions. Through this demerger, it is a standalone entity proudly operating in Southern Africa and capable of delivering sustainable returns as a leading producer of PGMs, despite current market challenges.
Valterra is committed to continuing to operate sustainably and to drive safety, health, environmental, governance and social programmes for the benefit of all stakeholders.
From Unki’s perspective, its direct shareholding will not change, and it will continue to operate as a subsidiary of Valterra Platinum Limited.
