{"id":13879,"date":"2012-08-25T03:10:47","date_gmt":"2012-08-25T01:10:47","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/investors-welcome-anglos-chile-deal-call-for-focus-elsewhere\/"},"modified":"2012-08-25T03:10:47","modified_gmt":"2012-08-25T01:10:47","slug":"investors-welcome-anglos-chile-deal-call-for-focus-elsewhere","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/investors-welcome-anglos-chile-deal-call-for-focus-elsewhere\/","title":{"rendered":"Investors welcome Anglo&#8217;s Chile deal, call for focus elsewhere"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Call on Anglo to turn to platinum, Brazil troubles<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Anglo review of platinum due by year-end<\/p>\n<p><span><\/span><\/p>\n<p>By Clara Ferreira-Marques and Sinead Cruise<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Aug 24 (Reuters) &#8211; Investors in Anglo American<br \/>\n said its $2.8 billion sale of a stake in its Chilean<br \/>\nunit that ended a 10-month battle was a reasonable compromise<br \/>\nand called on the miner to shift its focus to other problem<br \/>\nareas, including South African platinum.<\/p>\n<p><span><\/span><\/p>\n<p>Anglo and state-owned Chilean rival Codelco agreed on<br \/>\nThursday to a deal that reduced the global miner&#8217;s ownership of<br \/>\nits coveted Anglo American Sur (AAS) properties to 50.1 percent<br \/>\nbut left it in control and may have salvaged its relationships<br \/>\nin the world&#8217;s top copper-producing country.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;My take would be that at least they have managed to broker<br \/>\nsome kind of deal that brings an end to the hostilities. It<br \/>\nprobably is a reasonable compromise,&#8221; one of the 20 largest<br \/>\ninstitutional shareholders in Anglo said on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It could have been worse. If you go toe-to-toe with a<br \/>\ngovernment body like that, you could end up with a much poorer<br \/>\noutcome. We are reasonably happy that they can have a sensible<br \/>\nworking relationship there going forward.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Anglo said the two companies would, for example, work<br \/>\ntogether on development of AAS&#8217;s promising Los Bronces mine and<br \/>\nCodelco&#8217;s nearby Andina.<\/p>\n<p><span><\/span><\/p>\n<p>Codelco, the world&#8217;s largest copper producer, said in<br \/>\nOctober last year it wanted to exercise a long-standing option<br \/>\nto purchase 49 percent of AAS when the option window opened in<br \/>\nJanuary this year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Call on Anglo to turn to platinum, Brazil troubles * Anglo review of platinum due by year-end By Clara Ferreira-Marques and Sinead Cruise LONDON, Aug 24 (Reuters) &#8211; Investors in Anglo American said its $2.8 billion sale of a stake in its Chilean unit that ended a 10-month battle was a reasonable compromise and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13879"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13879\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}