'SOLD' IS THE NEW BOLD

23rd October 2015 By: Martin Creamer - Creamer Media Editor

'SOLD' IS THE NEW BOLD

Anglo American Platinum has sold its Rustenburg Platinum and is offering Union Platinum for sale. Anglo American has sold the Mantos Blancos and Mantoverde copper mines, in Chile, to investment company Audley Capital, of the UK, and is also, according Chilean media, fine-tuning details to unload the El Soldado mine and the Chagres smelter. Rio Tinto is selling 40% of its Bengalla coal mine to Australia’s New Hope and Mitsubishi Development is selling its 20% shareholding in Coal & Allied to make it easier for Rio to sell it off in what may be part of Rio’s coal exit. Dual-listed mine-to-metals company Jubilee has formally transferred ownership of Jubilee Smelting & Refining to Siyanda Resources and the list of ‘solds’ just goes on and on during what is one of mining’s toughest hours.