Anglo shuts down Botswana coal operations

Friday, February 26, 2016

Anglo Coal will shut down its operations in Botswana following a strategic decision by parent company, Anglo American to divest out of all but three commodities.

The global mining giant, which posted a loss of $5.6 billion in 2015 compared with a loss of $2.5 billion the year before, recently announced that it was streamlining its asset portfolio to De Beers, platinum and copper, holding just 16 assets down from 55.

Anglo Coal Botswana (ACB) managing director, Mothibedi Mothibedi told BusinessWeek that it would cease works at its 700 million tonnes Mmamabula coal fields and close offices in Botswana.

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