Chapter 599: Anglo-American Platinum

Since the mines under the name of the former Tang Mining do not need to be considered, the objects to be done are naturally those assets under the name of the former Anglo American Group.

Actually, even Brian. If it weren't for the existence of these burdens, Anglo American would not have risen from less than 40% to 73% in just three years, which is a debt of more than $20 billion, and it took only three years to form such a large liability, so you can imagine how big the impact of these assets is on the entire Anglo American Group.

Sure enough, as soon as Tang Feng opened his mouth, he got off Brian. Bimish they jumped. "After careful consideration, I have decided to first divest Anglo American Platinum as a whole, that is to say, Anglo American Platinum, as a secondary subsidiary of Anglo American, will become a history in the future, and Anglo American Platinum will be completely divested by Tang's Anglo American Group, including the five major platinum group metal mines in South Africa under the name of Anglo American Platinum."

Tang Feng's words can be described as earth-shattering, including Sam, I didn't expect Tang Feng's handwriting to be so big. Anglo American is the world's largest producer of primary platinum group metals (PGMs), accounting for about 37% of the world's platinum origin. The company has the world's largest platinum reserves and a full range of platinum group metals (platinum, palladium, rhodium, ruthenium, iridium and osmium) and has mining, processing and refining capabilities.

Such a company, although it has a negative profit due to the impact of the current international environment, is not in such a hurry to divest it, right? After all, the brand of Anglo American platinum is still quite excellent, the dignified number one in the world, and now it has been abandoned by this young tyrant without hesitation!

Sam spoke up, "Wind." Isn't it too radical to strip out all the Anglo American platinum? ”

Brian. Beamish also gritted his teeth and said: "Tang, although Anglo-American platinum is in a state of negative profitability now, the mining, refining, sales channels, and processing capabilities of Anglo-American platinum are currently the strongest in the world, and the brand value of Anglo-American platinum is not low, once the international gold price recovers." Then it will drive the recovery of platinum group metals prices, and at that time, Anglo American platinum will become an important profit point for our group. So in my opinion, it may not be a wise choice to take the liberty of Anglo American platinum. ”

Tang Feng looked at the others, although they didn't speak, the expressions on their faces all didn't mean that this proposal didn't seem to be very popular.

Seeing their performance, Tang Feng smiled with relief, it seemed that this team had just been set up. The cohesion is still quite high, otherwise they would not have dared to disagree with their largest shareholder after taking over these senior management positions.

If it were someone else, I am afraid that such a decision would not have been made, because in any way, the stripping of Anglo American platinum is definitely not a good proposition, and it can even be said to be a brain-dead act. Anglo American Platinum is now negative profit, but Anglo American Platinum is definitely not a non-performing asset. On the contrary, Anglo American platinum is definitely a sweet spot in the eyes of other mining giants.

But Tang Feng has a star core body. Anglo American Platinum's main operations are in South Africa. South Africa's proven platinum reserves are as high as 12,000 tons, accounting for nearly ninety percent of the world's proven reserves, and most of these platinum group metals are concentrated near the Transvaal, which is actually the territory of the Rand gold uranium mine, or so to speak. South Africa's platinum and rand gold uranium mines are basically the kind of associated mines that are inseparable from each other.

The five important platinum mines under the name of Anglo American Platinum are concentrated here, and Anglo American platinum accounts for 37% of the world's platinum production, almost all of which come from these five platinum mines. But as early as a few months ago, Tang took revenge on Anglo American. The gold and platinum in the Rand gold uranium mine have been almost emptied, leaving only a small layer less than a few hundred meters thick, and in less than two or three years, those gold and platinum mines will have no ore resources to excavate

Even if Tang Feng hadn't emptied it, Tang didn't plan to continue mining platinum and gold there. South Africa's gold and platinum mining costs are the highest in the world, and Tang Feng doesn't want to leave the star core unused, and instead dig up precious metal mines that are nearly 30% more expensive than other countries.

It is precisely because of this that Tang Feng decided to divest Anglo American platinum and Anglo Asanti gold. And because these executives, including Sam, don't know what's going on, that's why they're reacting.

Tang Feng nodded and said, "Everyone, the reason why I put forward this proposal is because I have my intentions. Since it seems that everyone does not agree with my proposal, I will explain my plan to you in detail. ”

"The first thing I want to talk about is my prospecting ability." Tang Feng shrugged his shoulders and said with a confident smile on his face: "You may all have heard that I have encountered a mining disaster, but this is actually not a secret. But I'm afraid some of you have heard that I seem to have possessed a very magical special ability since I successfully escaped from that mining accident. OK, you are all my best assistants now, this is not a secret news, I can also explain to you, that is, I do have such an ability that is close to a special function, as long as there is a valuable mine, as long as I am in that area at the time, then I will always have a feeling, that feeling will always remind me that under the rock formations in this area, there is a great chance that there are huge deposits of great value! ”

Tang Feng spread his hands and said, "At first, I didn't know what kind of ability it was, but after my temptation, I found that this is indeed a very magical ability, or maybe a unique sixth sense. It was because of this feeling that I discovered the Kajabi precious metals mine in Australia, the Beaumont oil field in Beaumont, the precious metal mine in Gravina Island, the world's second-largest copper mine in the St. Lawrence Valley in Argentina, and of course, the world's No. 1 copper-gold mine in Arica, which is about to be developed. In fact, I can share with you the news here, that is, in the Arica copper mine, there is very likely to be an extremely rich gold and platinum associated mine! (To be continued.) )