Anglo May Sell $1.4 Billion Platinum Mines, Deutsche Bank Says

Anglo American Plc may sell strike-hit platinum mines in South Africa valued at about $1.4 billion next year as it reviews global assets, Deutsche Bank AG said.

A sale would increase fair value for Anglo’s stock by 13 percent to 1,750 pence, Rob Clifford, a Deutsche Bank mining analyst, said in a note. Sibanye Gold Ltd. may be interested in the company’s three mines in Rustenburg, while an offer from platinum peers is unlikely, he said.