SHURUGWI –IN a major shake-up within the mining sector, Valterra Platinum Limited, formerly Anglo American Platinum, has officially commenced trading as an independent entity on the Johannesburg Stock Exchange, signalling the completion of its demerger from Anglo American.
The development marks the start of a new chapter for Unki Mine in Zimbabwe, which will now fall directly under Valterra Platinum’s control as part of a broader strategy to intensify focus on the production and value addition of Platinum Group Metals (PGMs).
The Chief Executive Officer of Valterra Platinum, Mr Craig Miller, said the demerger was a strategic move aimed at unlocking shareholder value and deepening the company’s commitment to responsible mining practices.
“We have a proud history with Anglo American Platinum, but now our focus is to maximise the value of the metals we mine and transform lives. Valterra remains fully committed to sustainable operations, with a strong emphasis on safety, health, environmental stewardship, and governance. We will continue to invest back into the communities where we operate,” he said.
Valterra Platinum now holds control of assets previously under Anglo American Platinum, including Unki Mine in Shurugwi, and retains oversight of 30 percent of the world’s known PGM reserves.
Speaking at the announcement, Shurugwi North legislator Honourable Joseph Mpasi expressed optimism about the socio-economic impact of the development on the district.
“I am happy that the new company came out openly saying that they will continue doing life changing programmes within the district, and this will have an impact on people’s lives. This is a good initiative because it dwells with the second republics agenda of living no one and no place behind in the development matrix. Surely, we are poised of great things as Shurugwi district through mining activities,” he said.
Local community members echoed similar sentiments, expressing confidence in Valterra’s promise to maintain and build upon the strong social responsibility foundation laid by Anglo American Platinum.
“As a community, we are very optimistic about this move, and we are pinning our hopes of another fruitful relationship with the new entity. From what they promised us, our lives will change for the better,” a community member said.
“We had a fruitful relationship with Anglo, and we are hopeful that Valterra will continue in the same spirit and even go further to uplift our lives,” a beneficiary said.
Valterra Platinum is now the world’s fourth-largest producer of Platinum Group Metals, with strategic operations across Zimbabwe and South Africa.
The transition is expected to strengthen Unki Mine’s operational efficiency and position it as a key pillar of Zimbabwe’s mining-led economic growth agenda under Vision 2030.
