The transaction marks a key development in the group's plans to streamline its business to focus on copper, iron ore and crop nutrients.

News24

South Africa

News24 | Anglo sells last steelmaking coal mines for R68bn. Next: Amplats demerger, nickel and De Beers

The sale comes amid turnaround efforts at Anglo American after it fended off a £39 billion takeover proposal by rival BHP earlier this year.

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The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

Anglo American agrees £3bn deal to sell remaining coal operations

24.com

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

(Bloomberg) — Anglo American Plc said it’s agreed to sell its steelmaking coal business to Peabody Energy for a fee that could rise to as much as $3.78 billion, as the miner’s restructuring gathers pace.

Financial Post

Leon Cooperman

Allianz

Canada

Anglo to Sell the Rest of Coal Business in $3.8 Billion Deal

Peabody to acquire steelmaking coal assets from Anglo-American in a $3.78 billion deal, strengthening its global coal portfolio with Australian mines.

Seeking Alpha

United States

Peabody to buy Anglo American's Australian metallurgical coal assets in $3.78B deal

Anglo American has agreed to sell its remaining coal portfolio to Peabody Energy for up to $3.8bn (£3bn). The deal consists of an upfront cash payment of $2.1bn upfront as well as $725m deferred payment.  Peabody has also agreed the potential for up to $550m in a price-linked earnout and $450m linked to the reopening of the Grosvenor mine. The portfolio includes an 88 per cent interest in the Moranbah North joint venture, an 86 per cent stake in…

City AM

Anglo American agrees sale of remaining coal business for $3.8bn

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BizToc

Anglo American said it’s agreed to sell its steelmaking coal business for about US$4.9 billion, including the already announced sale of its interest in Jellinbah Group.

Business Times

Anglo agrees to sell the rest of its steelmaking coal business

(Reuters) -Anglo American on Monday agreed to sell its remaining Australian steelmaking coal mines to Peabody Energy for a cash consideration of up to $3.78 billion, in its first major disposal as part of a wider restructuring plan. The mining giant is reshaping its business to mainly focus on copper and iron ore after fending […]

Global Banking & Finance Review

Anglo American Sells Mining Assets in $3.78B Deal

Benchmark is selling its genetics arm to Starfish Bidco, a wholly owned subsidiary of Novo Holdings, which acquired lice treatment manufacturer Stingray last month

News24 | Anglo sells last steelmaking coal mines for R68bn. Next: Amplats demerger, nickel and De Beers

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