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Apr 08, 2021 · JOHANNESBURG: Anglo American plc said on Thursday it would spin off its South African thermal coal business into a new company listed in Johannesburg and London, as it moves to transition out of assets that mine the most polluting fossil fuel. The Londonlisted miner said the transaction would be subject to shareholder approval in May. The anticipated move comes as mining .
The Guardian. Anglo American to shed its SA thermal coal assets. Anglo American is to transfer its thermal coal assets in South Africa to a new company, Thungela Resources Limited, amid growing pressure from shareholders who want to minimise their exposure to fossil fuels. Anglo American's mine in Johannesburg.
Dec 14, 2020 · Diversified miner Anglo American has announced its plans to divest its thermal coal operations in South Africa (SA) and Colombia. According to a Reuters report, the company plans to exit Colombia's Cerrejon thermal coal mine within one and half to two years. The plan also includes divesting SA thermal coal assets within two and half years.
Apr 08, 2021 · Anglo American to demerge South African thermal coal operations. Anglo American plc has today announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American's shareholders on May 5, 2021. Mark Cutifani, chief executive of Anglo American. The separation will be implemented through the transfer ...
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Apr 08, 2021 · The proposal also allows Thungela to attract new shareholders and to access new sources of capital as an independent company offering direct exposure to thermal coal. Anglo American is committed to setting up Thungela as a sustainable standalone business, including by providing an initial cash injection of billion (approximately 170 ...
Mar 10, 2021 · Anglo American 2020 thermal coal production down 22%; 2021 guidance unchanged. The coal giant Anglo American produced a total of million tonnes of thermal coal in 2020, down 22% from 2019, mainly due to lower yearonyear thermal coal output from South African and Colombian operations, according to the company's report.
Dec 11, 2020 · The global miner said a demerger and listing on the Johannesburg Stock Exchange was the most likely route for its South African thermal coal assets. Anglo American, which produces platinum, copper, diamonds, iron ore, and thermal and metallurgical coal, highlighted its green credentials as the mining industry faces increasing scrutiny over its ...
Jun 07, 2021 · LONDON, UK: Anglo American plc announced the completion of the demerger of its thermal coal operations in South Africa. Thungela Resources Limited will start trading today through a primary listing on the Johannesburg Stock Exchange under the abbreviated name "Thungela" (Alpha code "TGA"), and a standard listing on the London Stock Exchange ("TGA").
Apr 08, 2021 · The proposal also allows Thungela to attract new shareholders and to access new sources of capital as an independent company offering direct exposure to thermal coal. Anglo American is committed to setting up Thungela as a sustainable standalone business, including by providing an initial cash injection of billion (approximately 170 ...
Jun 07, 2021 · Shares in Anglo American () spinoff Thungela (), a thermal coal miner, tumbled 16% to in their first day of trading on the London Stock Exchange, down from their opening price of 150p.. It comes after Anglo American completed the demerger of its thermal coal business in South Africa, allowing Thungela to start trading on both the London and Johannesburg stock exchanges.