EDITORIAL: Anglo turns over a new green leaf with coal

3 小时前 EDITORIAL: Anglo turns over a new green leaf with coal disposal . But questions have been raised about the mining giant’s sincerity in handing over polluting companies to black investors

Anglo American to separate SA coal mines into new

08/04/2021 Anglo will still own a coal mine in Colombia that it’s also planning to sell and coking coal mines in Australia, used to make steel rather than burned for power. The new business, called Thungela Resources Ltd., will be listed in Johannesburg and London

Anglo American to demerge South African coal assets

Rio Tinto sold its last coal mine in 2018 while the world’s largest miner BHP is also looking to exit its thermal coal business. The demerger will allow Anglo to focus on producing metals that will...

What are investors getting in Anglo's demerged coal play

1 天前 Anglo Coal’s South African mines reported a $15m underlying EBITDA loss last year, taking losses over the last two years to $20m. For 2020, the average coal price traded at $57/t, although Anglo said in its year-end results presentation that a 10% positive movement in price or exchange rate would see an $88m positive contribution to EBITDA. There’s also the question of mine life. One of

Anglo shows making a clean break from coal is far from

Anglo American is handing its South African thermal coal assets to its own shareholders, in the form of a demerger into a Johannesburg and London-listed company called Thungela. Such is the...

Anglo American to spin off South African thermal coal

08/04/2021 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

Anglo American to spin off South African coal mining

08/04/2021 Anglo executive July Ndlovu has been named chief executive officer. The soon-to-be standalone miner produced 16.5 million tonnes of coal last year and

Anglo American to demerge South African thermal coal

Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s

Anglo American to Spin Off South African Coal Mines in

2 天前 (Bloomberg) Anglo American Plc outlined plans to separate its South African coal mines into a new business, hastening its retreat from mining thermal coal. Anglo has been plotting an exit from the most-polluting fuel for more than a year and has always said separating its South African business was the most likely outcome.

Anglo American to Spin Off Coal Assets. Why That Matters

08/04/2021 In August last year, Anglo-Australian miner BHP pledged to exit thermal coal mining within two years, following sustained pressure from shareholders, including

Anglo American to separate SA coal mines into new

08/04/2021 Anglo will still own a coal mine in Colombia that it’s also planning to sell and coking coal mines in Australia, used to make steel rather than burned for power. The new business, called Thungela Resources Ltd., will be listed in Johannesburg and London in June, the miner said in a statement on Thursday. Investors will receive one Thungela share for every ten Anglo American shares that they

Anglo American to Spin Off South African Coal Mines in

2 天前 (Bloomberg) Anglo American Plc outlined plans to separate its South African coal mines into a new business, hastening its retreat from mining thermal coal. Anglo has been plotting an exit from the most-polluting fuel for more than a year and has always said separating its South African business was the most likely outcome.

Anglo American to spin off South African thermal coal

08/04/2021 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

What are investors getting in Anglo's demerged coal play

1 天前 Anglo Coal’s South African mines reported a $15m underlying EBITDA loss last year, taking losses over the last two years to $20m. For 2020, the average coal price traded at $57/t, although Anglo said in its year-end results presentation that a 10% positive movement in price or exchange rate would see an $88m positive contribution to EBITDA. There’s also the question of mine life. One of

Anglo shows making a clean break from coal is far from

But the demerger really reflects the mess that the biggest mining groups have found themselves in over coal. Anglo, like most of its peers, failed to get out of thermal coal when it had the chance

Anglo American to Spin Off Coal Assets. Why That Matters

08/04/2021 Anglo American stock climbed on Thursday as the mining giant announced plans to spin off its thermal coal operations in South Africa as it seeks a “responsible transition” away from the fossil

Anglo American South Africa

Anglo American is a global mining company that mines a diverse range of products in South Africa i.e. platinum, thermal coal, diamonds, and iron ore.

Anglo American to spin off South African coal

Anglo American (LON: AAL) is speeding up its exit from thermal coal as it announced on Thursday it planned to spin off its South African unit within the next three years.

Anglo American sells stake in Australian coal

Anglo American (LON:AAL) said on Wednesday it had sold a minority stake in the Grosvenor coking coal mine in Australia for about $141 million to a consortium of Japanese companies.

Digging deeper: Mining methods explained Anglo

Mining is at the heart of our business at Anglo American. It is the foundation against which all of our activities rely and gravitate around. And that’s why it’s so important we conduct our types of mining activities effectively and intelligently. Of course, before we break ground, we need to first discover mineral resources through exploration and allow a period for planning our mining

Mining giant Anglo American spins off coal assets to

10/04/2021 SOUTH AFRICA British multinational mining company Anglo American has spun off its South African thermal coal assets into Thungela Resources which will have a primary listing on the Johannesburg Stock Exchange and a standard listing

Anglo American to spin off South African thermal coal

09/04/2021 The anticipated move comes as mining companies are under pressure to stop mining coal from investors and governments keen to switch to cleaner fuels. Anglo said it would provide an initial cash injection of 2.5 billion rand ($172.68 million) to the spin-off company, Thungela Resources Limited, and sell and market its products for at least three years. Thungela plans to woo investors by paying

Anglo American to demerge South African thermal coal

Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s

Anglo American to Spin Off South African Coal Mines in

2 天前 (Bloomberg) Anglo American Plc outlined plans to separate its South African coal mines into a new business, hastening its retreat from mining thermal coal. Anglo has been plotting an exit from the most-polluting fuel for more than a year and has always said separating its South African business was the most likely outcome.

EDITORIAL: Anglo turns over a new green leaf with coal

3 小时前 EDITORIAL: Anglo turns over a new green leaf with coal disposal . But questions have been raised about the mining giant’s sincerity in handing over polluting companies to black investors

Anglo American to spinoff thermal coal assets in South

08/04/2021 Anglo American has announced plans to spin off its thermal coal assets in South Africa following investor pressure to avoid the polluting resource. As part of the demerger plan, Anglo American will transfer its South African thermal coal operations to a new holding company, Thungela Resources, which will be listed on the Johannesburg Stock Exchange and London Stock Exchange.

Anglo American charged with coal miner's death

03/03/2020 Anglo American has been hit with charges over the death of a worker in a central Queensland coal mine last year. It marks another prosecution after

Anglo American to spin off South African coal

Anglo American (LON: AAL) is speeding up its exit from thermal coal as it announced on Thursday it planned to spin off its South African unit within the next three years.

Anglo American sells stake in Australian coal

Anglo American (LON:AAL) said on Wednesday it had sold a minority stake in the Grosvenor coking coal mine in Australia for about $141 million to a consortium of Japanese companies.

Digging deeper: Mining methods explained Anglo

Mining is at the heart of our business at Anglo American. It is the foundation against which all of our activities rely and gravitate around. And that’s why it’s so important we conduct our types of mining activities effectively and intelligently. Of course, before we break ground, we need to first discover mineral resources through exploration and allow a period for planning our mining