Anglo American completed the demerger of Thungela Resources.

Anglo American, a British multinational mining company, completed the demerger of Thungela Resources, a producer and exporter of thermal coal. “We are confident that Thungela will be a responsible steward of our thermal coal assets in South Africa, benefiting from an experienced and diverse management team and board. While representing just a small proportion of Anglo American today, we are laying the foundation for South Africa’s leading coal business, setting it up for success to deliver value for all its stakeholders. 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," Mark Cutifani, Anglo American CEO.