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Anglo American to Spin Off South African Coal Mines

  • New coal company will trade in Johannesburg and London
  • The biggest miners are looking to get out of thermal coal
An Anglo American coal mine in Mpumalanga, South Africa.
An Anglo American coal mine in Mpumalanga, South Africa.Photographer: Waldo Swiegers/Bloomberg
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Anglo American Plc will separate its South African coal mines into a new business this year, as the company accelerates its response to investor pressure over the most-polluting fuel.