for sale as its shares dropped to a record low on the London Stock Exchange, falling by more than 12 per cent. In March 2017, British Indian industrialist Anil Agarwal purchased 11% of the company through his family trust Volcan. In September, he took the holding to 20% through another purchase worth about $1.5 billion. In April 2017, the company sold its Eskom-linked thermal coal operations in South Africa for $166 million, marking an important step in the mining giant's strategic overhaul to sharpen its focus on three commodities. In October 2019, Anglo American announced a partnership with French energy company Engie to develop the world's largest hydrogen-powered mine haul truck, with testing expected to begin in 2020. In January 2020, Anglo American made a 5.5p per share offer to buy a polyhalite fertiliser project (in North Yorkshire, England) from Sirius Minerals for £400m. In salvaging the financially troubled project, Anglo American envisages spending around £230m to keep construction going through to at least 2022. The sale was approved by shareholders in March 2020. In April 2021, Anglo American announced the demerger of Thungela Resources, which will own a series of significant South African thermal coal assets, in order to eliminate the risk of clean-up liabilities. In May 2022, Anglo American unveiled the world’s largest hydrogen powered mine haul truck at Mogalakwena PGM Mine in northeast South Africa. The project, which is expected to be fully implemented by 2026, is a first step in making eight of the company’s mines carbon neutral by 2030. The company has set a target of getting all of its operations to that status by 2040. President of the Republic of South Africa, Cyril Ramaphosa was present at the launch and stated, "Developing the hydrogen economy is a strategic priority for our country." Operations Anglo American focuses on natural resources with six core businesses: Kumba Iron Ore, Iron Ore Brazil, coal (thermal and metallurgical), base metals (copper, nickel, niobium and phosphates), platinum, and diamonds, through De Beers, in which it owns an 85% share. In 2008, the company had 105,000 permanent employees and 39,000 contract employees in its managed operations across 45 countries. In 2008, Anglo American (excluding De Beers) spent $212 million on exploring 21 countries for resources including copper, nickel, niobium phosphates and zinc. The two main types of exploration for the company are greenfield and brownfield, with nearly 70% devoted to greenfield