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Anglo Takes Down South Africa Sale Sign and May Even Buy

  • Some of Anglo’s South African mines have turned into cash cows
  • ‘We like everything that we are in right now,’ Mbazima says
Operations At Anglo American Plc's Kumba Iron Ore Ltd. Mine

Photographer: Nadine Hutton/Bloomberg

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Anglo American Plc raised the possibility that it could start buying assets in South Africa, the latest sign of how much has changed in two years, when the miner was focused on selling.

“We no longer have any for sale sign,” Norman Mbazima, deputy chairman of Anglo American’s South African unit, said in an interview Monday. “It is possible to invest in South Africa. We have got hope right now.”