Tag: Anglo Ameican South Africa

Scatec & ENGIE to produce hydrogen for Anglo’s Limpopo mine

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SOUTH AFRICA – Norwegian renewable energy company, Scatec, and French energy giant, Engie, have entered into a two-year lease agreement where the former will supply its portable solar systems to help power ENGIE’s hydrogen plant stationed at Anglo American Platinum’s Mokalakwena mine in the Limpopo province of South Africa.  Scatec will supply a 616 kWp containerized mobile solar energy system to ENGIE under its “Release by Scatec” brand. Working through their scalable power solution, Release, the power producer’s mobile unit will provide solar energy for ENGIE’s hydrogen production plant which…

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Mining giant Anglo American spins off coal assets to reduce greenhouse gas emissions

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SOUTH AFRICA – British multinational mining company Anglo American has spun off its South African thermal coal assets into Thungela Resources which will have a primary listing on the Johannesburg Stock Exchange and a standard listing on the London Stock Exchange. As part of setting up Thungela into a standalone business, Anglo said it would provide a US$171 million initial cash injection and a further contingent capital support until the end of 2022 in the event of thermal coal prices in the dollar falling below a certain threshold. The demerger comes…

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Anglo American set to exit coal mining after selling its coal assets

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SOUTH AFRICA – Anglo American, a global mining company that mines in diverse range, plans to exit coal mining in South Africa, in a major shift away from carbon-intense operations.  The company has, in the past few years, been offloading its coal assets, which has included the sale of its Eskom coal mines in 2018, as well as the Drayton mine in Australia.  The diversified global miner said it would consider its exit options, with a view to listing the demerged business on the Johannesburg Stock Exchange.  “We are therefore…

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