London - Anglo American [JSE:AGL] and other companies looking to sell some of their mining assets in South Africa should sell to national champions, or companies owned by local communities and by their workers, Mining Minister Ngoako Ramatlhodi said on Monday.
Anglo American is looking at selling some of its coal assets in South Africa and has been considering options for its Rustenburg platinum mines.
“At the moment, for example, Anglo American is looking to dispose of most of its coal mines in South Africa so I want my people to take over those mines,” Ramatlhodi said, referring to the national champions he is fostering.