Anglo American Plc’s South African coal mines, which will be listed in a new vehicle this week, are worthless given the scale of environmental clean-up costs, according to a research report from short-seller Boatman Capital. Boatman says the company’s clean-up costs for the mines, which are all expected to close in the next decade, could be three times greater than the amounts currently disclosed to investors. Boatman says new liability rules in South Africa known as NEMA that are due to come into place later this month will significantly increase its closure costs.
Looks like new regulations are a real issue to act for SA coal miners.
We are working closely with mining fund, Proterra Investment Partners on the significant opportunity in South Africa to recover and briquette coal fines from discarded tailings and tailing ponds of which there are many. We are also assisting in the design of a 5-10tph demonstration plant to be constructed outside Johannesburg to better respond to the market desire there to clean up the tailings and use them commercially in power generation.
Anglo American Plc’s South African coal mines, which will be...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.90M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52760 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 1169 | 1 |
View Market Depth
| Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
| WEC (ASX) Chart |
Day chart unavailable