In May 2024, Anglo American plc announced its plan to streamline its portfolio. As part of this strategy, Anglo American separated its interest in its subsidiary, Anglo American Platinum Limited (AAP).
This separation was achieved through a distribution in specie whereby Anglo American transferred its shares in AAP directly to its shareholders.
As part of the demerger, Anglo American Platinum Limited was renamed Valterra Platinum Limited. It will remain listed on the Johannesburg Stock Exchange. It has also secured a secondary listing on the London Stock Exchange with effect from 2 June 2025.
The name “Valterra” is derived from two district components: “Val”and “Terra” with Val coming from the word value and representing the value they create, not just in what they mine but in the way they work, the opportunities they create and their contribution to society.
Terra, meaning earth in Latin, speaks to their foundation, their responsibility and their commitment to sustainability and progress. Valterra Platinum is one of the largest producer of Platinum Group Metals, with strategic operations across Zimbabwe and South Africa.
The newly independent miner, which controls 30 percent of the world’s PGM reserves, says the demerger will enhance the operational focus of Unki and its other operating mines, allowing them to pursue growth opportunities more independently within the PGM sector.
On Wednesday, a ceremony was held at Unki Mine in Shurugwi where Mr Craig Miller, the chief executive officer for Valterra Platinum said they have a rich legacy with Anglo American Group.
“We have a rich legacy, created over many years, as part of the Anglo-American Group. Much of this legacy will remain within Valterra Platinum. We remain committed to creating a safe and supportive working environment for all colleagues. As we step into this new chapter, we will continue delivering returns to our shareholders and creating value for all our stakeholders, sustaining jobs, supporting economies in Zimbabwe and South Africa, and producing critical minerals for a sustainable future.,” he said.
Shurugwi community is ready to work with Valterra Platinum.
Shurugwi North Constituency legislator, Joseph Mpasi, highlighted the importance of the development towards the district’s GDP, and extended his grattitude to Valterra Platinumfor the impact the company is going to bring to the community.
“This is a good initiative because it aligns with the second republic’s agenda of leaving no one and no place behind in the development matrix. Surely, we are poised of great things as Shurugwi district throuugh mining activities. The local community is optimistic that the development by the new entity will transform their area,” he said.
The Shurugwi community is very optimistic about the rebranding excercise and is pinning its hopes on another renewed, fruitfull relationship with the new entity, Valterra Platinum.
“From what they promised us, our lives will change for the better.”
Before this rebranding and transmission of shares, we used to work well with the Anglo American Platinum group and we are hopeful that they will continue to work with us in the same manner,” said Chief Banga.
He said they were optimistic about Valterra Platinum bringing socio-economic developments such as clinics, schools as well as roads. “Valterra Platinum has got a future and we are looking foward to them adding value by creating jobs for the community members.
They have also invited the chiefs of the community, which is a great gesture because they are the ones who give guidance and knowledge about the place. Their initiative of creating value alins with the Vision 2030,” he said.
