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Thungela Resources to acquire some of SA's best quality coal assets

MONEYWEB
LIVESTREAM
And have its own separate listing on the JSE and London Stock Exchange.
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Anglo says it is committed to supporting Thungela as a standalone business, including with an initial cash injection of R2.5bn. Image: Waldo Swiegers, Bloomberg
Thungela Resources has released further details of the planned demerger of Anglo Americanâs South African thermal coal assets and its impact on the groupsâ capital structure.
Should the proposed demerger be approved by 75% of Anglo American shareholders, its SA thermal coal assets will be separated from the group and listed separately on the JSE and the London Stock Exchange. ....

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