Another Big Mining Company Hints At A Coal-Free Future



Anglo American dropped another hint that its days of mining the world’s most polluting fuel are limited.

In a slew of presentations released for an investor visit to Anglo assets in Australia, thermal coal was noticeably absent from a list of units seen to have long-term potential. The company is on a trajectory away from thermal coal, and will do so responsibly, an Anglo spokesperson said.

Anglo will decide in the next year if thermal coal fits into its future portfolio, and may be better off selling the assets, RBC Capital Markets said in a note following the presentations.