Global miner Anglo American will decide this year whether to sell its South African thermal coal business, Chief Executive Mark Cutifani told Reuters on Monday.
Anglo American and other mining companies have come under growing pressure to reduce their exposure to coal because of concern over climate change. South32 has agreed to sell its South African thermal coal operation to Seriti Resources, subject to regulatory approval.
“I expect we will take a view this year. But we will consult with our key stakeholders before we do that,” Cutifani said in an interview on the sidelines of the African Mining Indaba industry conference in Cape Town.
Cutifani said Anglo American would consult with government, communities and employees before a decision is announced.
It has already received interest from potential buyers both inside and outside of South Africa, he said.