
Anglo American plans spin-off, 12 years after Oppenheimer family’s $5.2 billion De Beers exit
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.