Anglo American Sells Off Its Remaining Shares In Thungela Resources Limited
Anglo American Sells Off Its Remaining Shares In Thungela Resources Limited. Anglo American has announced that it has sold its remaining shares in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, for R1,672 million.
At the time of the demerger of Thungela to Anglo American’s shareholders, which completed in June 2021, Anglo American stated its intention to dispose of its remaining interest in Thungela over time and in a responsible manner, subject to market conditions and not within the first six months following the demerger.
Thungela Resources is a company that uses its expertise to positively influence society and the mining sector by remaining connected to the people and the communities it is a part of. Its proactive and upright approach encourages active participation in creating value responsibly. The company is committed to the safety of all people and show humanity to all by remaining united and connected. The company prides itself in being a high-value company and strives for excellence in all it does by being well-informed, agile and having an entrepreneurial mindset.
Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. It’s portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast growing consumer-driven demands of the world’s developed and maturing economies.
Following the end of that six month period in December 2021 and the end of Thungela’s closed period following the announcement of its 2021 results on 22 March 2022, Anglo American launched and completed the sale of its remaining shares and no longer holds any shares in Thungela.
