Anglo American plans to float its South African coal industry on the stock exchange

The long-planned withdrawal of the mining giant Anglo American (28.7 billion dollars in sales in 2017) from its coal industry in South Africa became clear on Thursday 7 May with the group’s announcement of a possible sale of this activity via a forthcoming stock market listing. « We are working on a possible spin-off of our thermal coal operations in South Africa, as the preferred exit option, expected within the next two to three years, » the company said in its press release, adding that a listing in Johannesburg seemed most likely.