Anglo American sells central Queensland coal mines to Dhilmar in deal worth up to $5.43bn
Anglo American says it has sold its five steelmaking coal mines in central Queensland to UK miner Dhilmar Ltd for up to $5.43bn. The transaction covers interests in Moranbah North and Grosvenor mines, as well as Capcoal, Roper Creek, Dawson South and Theodore South joint ventures. It also includes the town of Middlemount, where the company provides housing and community facilities.The company said the sale is subject to conditions including competition and regulatory approvals. Anglo American chief executive Duncan Wanblad said Dhilmar had experience operating major mining assets, including steelmaking coal operations in South East Asia and Canada. He said... [Continue Reading]
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