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#Anglo Takes Down South Africa Sale Sign and May Even Buy #investorseurope #finance #news #tax #money #business

#Anglo Takes Down South Africa Sale Sign and May Even Buy #investorseurope #finance #news #tax #money #business | Offshore Trader | Scoop.it
Anglo American Plc raised the possibility that it could start buying assets in South Africa, the latest sign of how much has changed in two years, when the miner was focused on selling.
Igor Espanhol's insight:

"After a collapse in commodity prices in 2015, the mining blue-chip talked about selling assets in South Africa, the home of its biggest diamond, iron ore and platinum mines. While the company sold some coal and platinum mines, that policy is now dead. Some of the mines are now cash cows for Anglo as commodity prices reach multi-year highs."

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