Demerger of Anglo American’s South Africa thermal coal operations on track
Diversified miner Anglo American announced that, on May 26, the High Court of Justice in England and Wales sanctioned the scheme of arrangement and confirmed the reduction of share premium required to effect the demerger of its South Africa thermal coal operations, pursuant to the UK Companies Act.
As a result, the demerger is on track to become effective on June 4, in accordance with the company’s timetable.
On April 8, Anglo announced it would demerge its South Africa thermal coal operations.
Anglo American Coal South Africa CEO and World Coal Association chairperson July Ndlovu had been named as CEO-designate of Thungela Resources, the demerged entity and new holding company.
Anglo said in a release in April that the separation would be implemented through the transfer of Anglo’s South African thermal coal operations to the new Thungela Resources, the demerger of the Thungela shares to Anglo shareholders and the primary listing of Thungela’s shares on the JSE and standard listing on the LSE.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation