• Amplats will list as Valterra Platinum Limited on the Johannesburg Stock Exchange
• Parent company Anglo American to retain 19.9% stake after May 31 separation
• Rebrand aligns with Anglo American’s broader strategic restructuring

Anglo American Platinum (Amplats), the world’s largest producer of platinum group metals, will be renamed Valterra Platinum Limited and listed under its new identity on the Johannesburg Stock Exchange starting May 28. The rebranding follows a shareholder vote on May 8 and forms part of a larger strategic restructuring by parent company Anglo American.

The separation of Amplats from Anglo American is scheduled to be finalized on May 31, 2025. As part of the transition, Anglo American will retain a 19.9% stake in Valterra, which it has committed to hold for a minimum of 90 days post-separation before beginning a phased divestment process.

The rebranding represents a symbolic and operational break from the parent group, which unveiled its restructuring plan in May 2024. The plan includes the spinoff of both Amplats and the diamond-focused De Beers subsidiary as Anglo American refocuses on core business areas.

Valterra has also initiated the process for a dual listing on the London Stock Exchange. This step ensures that existing UK-based Anglo American shareholders can retain exposure to the newly independent entity.

The rebrand comes at a time of uncertainty for the platinum sector. Platinum and palladium prices have been under pressure, prompting cost-cutting and workforce reductions across the industry. Amplats, now Valterra, has already undergone restructuring, resulting in significant job losses in South Africa.

How Valterra positions itself post-separation will be closely watched by investors amid ongoing market headwinds for platinum group metals.