The demerger process remains subject to shareholder approval, which will be sought at Anglo American's Annual General Meeting scheduled for April 30. The plan will also undergo regulatory scrutiny to ensure compliance with governance and listing requirements. Once completed, Anglo American Platinum will be de-consolidated from its parent company, marking a significant shift in Anglo American's corporate structure. Financially, Anglo American Platinum reported an adjusted EBITDA of R19.8 billion ($1.1 billion) for 2024, reinforcing its stability as it moves toward independence. The company's net cash position, including the declared dividends, stood at approximately $0.9 billion, further supporting its financial resilience post-demerger. The restructuring aligns with Anglo American's broader strategy to optimize its asset base, which includes the planned sale of its steelmaking coal and nickel businesses as well as the potential separation of De Beers, its iconic diamond division.