Anglo American Platinum is to pay its parent a $600mn dividend ahead of its planned demerger in June, the company announced on Monday. Amplats, as the world’s largest platinum company is known, is to pay out $900mn from its retained cash to shareholders in total with most going to Anglo American, which has a 67 per cent stake.

The miner said it intends to retain the shareholding in the platinum business in an attempt to manage share flowback and offset the risk of existing shareholders selling the stock after the demerger.