Anglo American PLC (OTCPK:AAUKF)
$ 31.45 -0.185 (-0.58%) Market Cap: 37.33 Bil Enterprise Value: 49.54 Bil PE Ratio: 0 PB Ratio: 1.52 GF Score: 74/100

Anglo American PLC to Demerge South Africa Thermal Coal Operations Call Transcript

Apr 08, 2021 / 08:00AM GMT
Release Date Price: $42.22 (+2.47%)
Mark Cutifani
Anglo American plc - CEO & Director

Good morning, and welcome, everyone. As most of you know, Anglo American has been on a long transformation journey, which includes a clear tilt towards future-enabling products. I believe today's announcement and our intention to demerge the South African thermal coal assets into a separately listed business marks another positive step in this transformation journey. However, before I say anymore, I would ask you to look at your cautionary statement. Obviously, today, statement has a little more relevance. And the lawyers would like me to remind you that today's presentation is only intended as a summary. And there's no replacement for the Anglo American circular issued early today, and that's where I'll leave that conversation.

Onto the agenda, let me introduce the team that will be presenting. Myself, obviously; July Ndlovu, CEO; and Deon Smith, the CFO, for Thungela Resources. And on the flow of the conversation, I'll recap the journey that we've been on before handing over to July and Deon, who will give you more detail on the South

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