Has Anglo American come in from the Nordic cold?

Group reduces thermal coal production

clock • 4 min read
John Teahan of RWC
Image:

John Teahan of RWC

In May last year Norges Bank Investment Management, the $1.4trn sovereign wealth fund, announced its divestment from Anglo American along with four other mining and utility companies as they fell foul of the fund’s exposure limits on thermal coal.

Last week Anglo spun off its South African thermal coal business, Thungela, reducing its thermal coal production by 30 million tonnes and therefore dropping below the 20 Mt limit set by the Norwegian fund....

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