Anglo American will work with Engie and Bambili Energy on a hydrogen feasibility study in South Africa’s Bushveld area. It is our blueprint for the future of our business. The Thungela Board will comprise Sango Ntsaluba as independent Non-Executive Chair, July Ndlovu as Chief Executive Officer, Deon Smith as Chief Financial Officer, Kholeka Mzondeki as Chair of the Audit Committee, Ben Kodisang and Thero Setiloane as Independent Non-Executive Directors and Seamus French as a Non-Executive Director. Important factors that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates and other operational capabilities, the effects of global pandemics and outbreaks of infectious diseases, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as permitting and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American’s most recent Annual Report. Anglo American is re-imagining mining to improve people’s lives. The anticipated move comes as mining companies are under pressure to stop mining coal from investors and governments keen to switch to cleaner fuels. Anglo American coordinates its existing enterprise development initiatives in South Africa into one organisation, Zimele. For the year ended 31 December 2020, no profits were attributable to the assets comprising the thermal coal operations in South Africa. Mining must transform in the decades ahead, starting now, Keep up to date on social media or contact us with any other information, Anglo American South Africa Education Programme. (Sharecast News) - Anglo American announced the demerger of its thermal coal operations in South Africa on Thursday, subject to the approval of shareholders on 5 May. We do this through FutureSmart mining - our innovation-led approach to sustainable mining. We have announced the demerger of our thermal coal operations in South Africa, subject to the approval of Anglo... We have announced our 2020 Annual Results. But things are now back on track for Anglo American, however, with first motion now expected in the first half of 2021 at the Mogalakwena platinum open pit mine in the north-western part … The ore quay at Saldanha has two berths where two vessels of 310,000 deadweight tonnage can simultaneously tie up at the iron ore jetty. Anglo American South Africa believes in South Africa’s future and to this end, it aims to make a lasting contribution to the development of South Africa and its people. Discover the key highlights and watch the results presentation at 09:00 GMT in our Financial Results Centre. We have announced our 2020 Annual Results. Anglo American is committed to setting up Thungela as a sustainable standalone business, including by providing an initial cash injection of ZAR2.5 billion (approximately $170mn) and further contingent capital support until the end of 2022 in the event of thermal coal prices in South African rand (ZAR) falling below a certain threshold. 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 American Salaries in South Africa Salary estimated from 132 employees, users, and past and present job advertisements on Indeed in the past 36 months. Our portfolio of world-class competitive operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of developed and maturing economies. Anglo American is the second largest Australian and third largest global export metallurgical coal producer operating in open cut and underground mining. The company has operations in Africa, Asia, Australia, Europe, North America and South America. As such, it has not been independently verified and presents the views of those third parties, though these may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such third-party information. Address Crownwood Rd & Diamond Drive, Johannesburg, 2091, South Africa; Anglo American Reviews July Ndlovu, CEO of Thungela, said: “Thungela is a leading South African producer of high quality, low cost export thermal coal, well positioned to benefit from improved market conditions, and providing a reliable and affordable energy source to our customers mainly in developing economies. COAL operates in Australia, Colombia, Canada and South Africa, where they supply the domestic and export energy markets. Copper and music. The gross assets of Thungela that are the subject of the proposed demerger were valued at $1,294.5 million as at 31 December 2020. platinum, thermal coal, diamonds, and iron ore. Through partnering with industries, communities, and government, Anglo American’s dedicated enterprise development arm would go … South Africa The role holder is responsible for supporting the management of legal risks and opportunities associated with Anglo American’s marketing business (excluding De… 5 days ago If it is approved, it is expected that the demerger would be effective on 4 June 2021, with Thungela’s shares being listed and admitted to trading on the JSE and LSE on 7 June 2021. Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and future business strategies and the environment in which Anglo American will operate in the future. The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited (“Thungela”), the demerger of the Thungela shares to Anglo American shareholders and the primary listing of Thungela’s shares on the Johannesburg Stock Exchange (the “JSE”) and standard listing on the London Stock Exchange (the “LSE”). The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited (“Thungela”), the demerger of the Thungela shares to Anglo American shareholders and the primary listing of Thungela’s shares on the Johannesburg Stock Exchange (the “JSE”) and standard listing on the London Stock Exchange (the … The South African based company operates mainly in South Africa; Anglo American Group Foundation; De Beers Group; Kumba Iron Ore; Group site; United Kingdom All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Anglo American’s financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American’s products, production forecasts and Ore Reserves and Mineral Resource estimates), are forward-looking statements. Apr 8, 2021 2:45AM EDT. Thungela Resources will be the listed holding company for the demerged thermal coal operations in South Africa, constituting a strong and attractive business with high quality well-located assets and with access to established export infrastructure. As part of our commitment to creating an enduring positive legacy, we are establishing an employee partnership plan and a community partnership plan, with each holding a 5% interest in the Thungela thermal coal operations in South Africa, thereby enabling employees and communities to share in the financial value that we generate. The proposed demerger recognises the diverse range of views held by Anglo American’s shareholders in relation to thermal coal and therefore provides Anglo American’s shareholders, including those with specified investment criteria, with the choice to act on such views and, following the implementation of the proposed demerger, to either retain, increase or decrease their interests in Thungela. Following the implementation of the proposed demerger, and in line with Anglo American’s responsible approach, Anglo American’s marketing business will continue to support Thungela in the sale and marketing of its products for a three-year period with an additional six-month transitional period thereafter. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. In respect of the JSE and LSE listing, a Thungela combined pre-listing statement and prospectus is expected to be published on Anglo American’s website (www.angloamerican.com) and Thungela’s website (www.thungela.com) later today. Each Anglo American shareholder will also retain their existing shareholding in Anglo American. With our people at the heart of our business, we use innovative practices and the latest technologies to mine, process, move and market our products to our customers – and to discover new resources – safely and sustainably. These forward-looking statements speak only as of the date of this announcement. As the world transitions towards a low carbon economy, we must continue to act responsibly – bringing our employees, shareholders, host communities, host governments and customers along with us. We have announced the demerger of our thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021. For key public information related to national efforts to combat the spread of COVID-19 visit the SA Corona Virus... "Guided by our Purpose, we are continuing to reposition our business for a cleaner, greener, more sustainable world." The demerger of Thungela and our listing on the JSE will represent yet another major milestone for Anglo American’s long-running contribution towards transforming South Africa’s mining industry.”. Soles acknowledged there had been some delays – largely due to COVID-19. JOHANNESBURG (miningweekly.com) – Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The port at Saldanha Bay is the only dedicated iron ore export facility in South Africa and is larger than the country’s other four major ports combined. Following completion of the proposed demerger, 100% of the issued share capital of Thungela will be held by Anglo American shareholders who will each receive one Thungela share for every ten Anglo American shares that they hold. Anglo American to demerge South Africa thermal coal operations. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers (the “Takeover Code”), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Access and registration details will be provided nearer the time. Anglo American plc is a British multinational mining company with headquarters in London, England. Visit PayScale to research Anglo American salaries, bonuses, reviews, benefits, and more! www.angloamerican.com/products/thermal-coal/demerger. 2020 FOB costs were $51 per export tonne and are expected to be similar in real terms in local currency in 2021. 'Cape Brit' is another term sometimes used to refer to South Africans of British descent. Anglo American plc said on Thursday it would spin off its South African thermal coal business into a new company listed in Johannesburg and London, as it moves to transition out of assets that mine the most polluting fossil fuel. Anglo American is one of the largest mining companies in the world, operating in five continents, mining thermal and metallurgical coal; iron ore and manganese; precious metals and minerals; and base metals and minerals. This announcement includes forward-looking statements. Two unlikely allies working pitch perfectly together. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Looking forward, we believe the prospects for long-term value delivery are greatest as two standalone businesses, each with their own strategy and access to capital.”. Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. We are updating on the page for Anglo American Careers job Opportunity for upcoming and current year. (1) $558 million of operating cash flow represents the ZAR7,387 million of net cash (outflow) / inflow from operating activities before income taxes, as reported in 2018, converted to US$ using the 2018 average ZAR:USD FX rate of 13.25. The Anglo-African Who's Who and Biographical Sketch-Book published in London in 1905 contains details of prominent British and Afrikaner people in Africa at that time. Anglo American is to transfer its South African thermal coal assets into a new company, in a move to exit the polluting resource amid growing investor pressure. Certain statistical and other information about Anglo American included in this announcement is sourced from publicly available third-party sources. We have significantly repositioned and upgraded our portfolio in recent years into a highly competitive producer of export product, with established access to world-class export infrastructure. (Bloomberg) -- Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to … (RTTNews) - Anglo American Plc (AAUKY.PK, AAL.L) Thursday said it plans to demerge its thermal coal operations in South Africa. Thungela will host a virtual investor and analyst presentation at 08:00 UK time / 09:00 South Africa time on 6 May 2021. Discover all the latest job opportunities at Anglo American & sign up for job alerts in your area. Access and registration instructions are available on Anglo American’s website (www.angloamerican.com/investors). Anglo American announced the demerger of its thermal coal operations in South Africa on Thursday, subject to the approval of shareholders on 5 May. At the 2021 year to date average FOB South Africa market price of $91 per tonne, Thungela is well positioned to capitalise on improved and more stable market fundamentals. Anglo American to collaborate on ‘hydrogen valley’ study in South Africa Posted by Daniel Gleeson on 31st March 2021 Anglo American has announced a collaboration agreement to complete a feasibility study to develop a “hydrogen valley” anchored in the platinum group metals-rich Bushveld geological area in … During the decades that Anglo American dominated gold mining in apartheid South Africa, the company’s relations with its largely black workforce were often contentious. 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. Mark Cutifani, Chief Executive. Thungela means to “ignite” in isiZulu. In accordance with UK Listing Rule 9.6.1, a copy of the circular has been submitted to the Financial Conduct Authority (FCA) and will shortly be available for inspection via the National Storage Mechanism. 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