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Anglo American to spin off South Africa coal operations

Anglo American plans to spin off its South Africa-based coal operations into a new holding company, Thungela Resources, which – like its parent company – will be listed in Johannesburg and London.

Tom Hoskyns
Anglo American plans to spin off its South African coal operations in June

Anglo American plans to spin off its South African coal operations in June

Thungela, which means "to ignite" in Zulu, will assume control of seven thermal coal assets with a book value of US$1.25 billion and which contain 137 million tonnes of reserves as of the end of 2020....

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