ARM Says ‘No Formal’ Talks With AngloPlat on Asset Purchases

African Rainbow Minerals Ltd. (ARI) said there are “no formal discussions” with Anglo American Platinum Ltd. (AMS) on possible asset purchases.

African Rainbow will “see what becomes available” when Anglo American Platinum decides to sell assets, Wilkens said on a conference call today. Anglo, with which African Rainbow “has a close relationship,” has not indicated “exactly what they want to do” in ongoing discussions with African Rainbow, he said.

ARM has “indicated willingness” to participate in South African coal opportunities created by Xstrata Plc (XTA) and Glencore International Plc (GLEN)’s merger, he said.

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net

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