Anglo to generate nearly $5bn from sale of steelmaking coal unit
In addition to the sale of its interest in Jellinbah, it will sell its portfolio of steelmaking coal mines in Australia to Peabody Energy
25 November 2024 - 09:29
UPDATED 25 November 2024 - 23:40
Anglo American is turning its focus towards potential buyers for its nickel and diamond businesses after finalising the sale of its steelmaking coal unit this week, just days before UK regulations allow for another offer to be made for the entire company.
The mining giant announced on Monday that it had entered into definitive agreements to sell the entirety of its steelmaking coal business to generate up to $4.9bn in total cash proceeds...
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