(Bloomberg) -- Four years ago, Anglo American Plc couldn’t find any industry partners to support its idea of replacing open-pit mining’s monster diesel trucks with climate-friendly, green hydrogen-fueled vehicles. Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month Low as U.S. Curve Steepens: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraRussian Envoy to Poland Hit With Red Paint in War ProtestPhilippine Stocks
(Bloomberg) -- Anglo American Plc on Friday unveiled the world’s biggest green-hydrogen powered truck at a platinum mine in northeast South Africa where it aims to replace a fleet of 40 diesel-fueled vehicles that each use about a million liters of the fossil fuel a year. Most Read from BloombergElon Musk’s Fixer Is Quietly Tending the World’s Biggest FortuneChina Orders Government, State Firms to Dump Foreign PCsStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapFiona Hill Says Putin
Global mining giant Anglo American Plc on Friday announced the sale of its remaining shareholding in Thungela Resources, completing its exit from the South African coal business. Under pressure from investors to exit coal businesses worldwide, the owner of gold, platinum and diamond mining companies, Anglo American hived off its entire stake in its South African coal mines into Thungela and distributed most of the shares to its shareholders through an initial public offering in June, barring 8%. But rising coal prices turned the tables for Thungela and its shares are up six-fold in the last nine months.