Anglo to Sell Australia Coking Coal Mines for $3.88 Billion
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Article Excerpt
Anglo American has agreed to sell its Australian coking coal mines to China Resources Coal & Resources Limited (CRCL) for A$5.2 billion ($3.88 billion), in a deal that will see it exit the country's thermal and metallurgical coal businesses.
The transaction, which is expected to be completed by the end of 2024, includes the sale of several key Australian assets such as the Blackwater mine, Moranbah North mine, and the Mt. Kembla mine, along with related infrastructure and licenses. The company will retain its interest in the Maules Creek coal mine.
"This transaction marks an important step i…
Read full article at Financial Post ↗
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May 18, 2026