American subsidiary: One Johannesburg-based investment banker also said the company, commonly known as Amplats, had received a few offers for its Union Mine and three others near Rustenburg but had thrown them into the dustbin because they were too low, according to Euro News. The Anglo American subsidiary is in the middle of a shake-up that includes selling off underperforming assets in an attempt to recover from a five-month long strike last year. It is definitely on the table now because the offers that are coming in just aren’t high enough, one senior Amplats source, who did not wish to be named, told Reuters. It said in February it hoped to complete the review and decide whether to sell or list its Union and Rustenburg mines by the end of the first half this year, after evaluating offers for the assets from two shortlists of companies. euronews provides breaking news articles from Reuters as a service to its readers, but does not edit the articles it publishes. Copyright 2015 Reuters.
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