Anglo American demerger
Anglo American is set to demerge its South African coal assets as a result of increased investor pressure in respect of these polluting resources. Anglo American plans to transfer its South African thermal coal assets into a new company called Thungela which is set to list on the Johannesburg and London Stock Exchanges.
Mining companies are coming under increasing pressure from investors to divest from coal as a result of coal’s contribution to climate change.
Source: https://www.ft.com/content/6ce6763a-d1c7-4906-ac1b-b04fc9e7dc97
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