Anglo American said on Wednesday that settlement of the placing shares was expected to occur on or about 16 September on the Johannesburg Stock Exchange.

The FTSE 100-listed group noted that the placing shares represented approximately 5.3% of its total issued share capital.

As of 1015 BST, Anglo American shares were up 0.75% at 2,024.0p.

Reporting by Iain Gilbert at Sharecast.com