It also comes amid plans to divest from businesses including De Beers, steelmaking coal, nickel, and now platinum group metals. "Valterra Platinum will provide investors with direct exposure to one of the world's largest PGM producers, operating independently with focused governance," the company said in a statement. The demerger won't change Anglo American's underlying stake in the platinum business but is seen as a significant milestone in realigning the miner's operations amid shifting global demand for PGMs. The dual listing is designed to maintain liquidity and access for the company's UK investor base. A stronger focus on core assets Since taking the helm in April 2022, Wanblad has led Anglo American through a major restructuring aimed at delivering stronger returns for shareholders.