Demerger of mines is “quickest route” for Anglo American to exit South African thermal coal

By David McKay | Mining MX

ANGLO American has given itself two to three years to dispense with its South African thermal coal export mines. This is in line with a response to questions at a virtual annual general meeting this year in which the group also disclosed that the divestment would be partial; that is, through a demerger with the new company floated on the JSE.

In reality, however, the intention is to get on which the job in a much shorter time-frame than three years. “Once you’ve made the decision, you’re better off getting on with it and the demerger route was the quickest route from our point of view,” said Mark Cutifani, CEO of Anglo American in an interview in June 19…Full Story