Anglo American Lowers Thermal Coal Forecast Amid Move To Exit Sector



Anglo American (LON AAL) could become the next top miner to walk away from thermal coal, as the commodity was barely mentioned Tuesday in a series of presentations to investors as one of the company’s main pillars of growth from 2020 and beyond.

The diversified miner, which has consistently been offloading coal operations since 2014, has lowered its 2021 thermal coal target to 26 million tonnes from a previous goal of as much as 30 million tonnes.

According RBC Capital Markets, Anglo should decide next year whether the controversial commodity fits into its future portfolio.