Anglo American to Spin Off South African Coal Mines2021-04-092021-04-09http://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.pngliquidafricahttp://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.png200px200px
Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most- polluting fuel.
Anglo has been plotting an exit from thermal coal for more than a year and has always said separating its South African business was the most likely outcome. 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.