03 Feb 2020

Angloto Decide This Year on Fate of South African Thermal Coal Assets

03 Feb 2020  by INVESTING NEWS   
Global miner Anglo American expects to decide this year whether to sell its South African thermal coal business, Chief Executive Mark Cutifani told Reuters on Monday.

Anglo American and others have come under growing pressure to reduce their exposure to coal because of concern over climate change, with South32 having already launched the sale of its South African thermal coal operation.

“I expect we will take a view this year. But we will consult with our key stakeholders before we do that,” Cutifani said on the sidelines of the Mining Indaba industry conference in Cape Town.

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