London-listed group sells holding as it pushes ahead with radical plans to streamline business

Financial Times

London

Greater London

England

United Kingdom

Anglo American to offload Australian coal mining stake for $1.1bn

The transaction is expected to close in the second quarter of 2025; with the deal, the company's chief executive, Duncan Wanblad, continues plans to make the structure leaner

Conclusão da transação é esperada para o segundo trimestre de 2025; com o negócio, o executivo-chefe da empresa, Duncan Wanblad, dá continuidade aos planos de tornar a estrutura mais enxuta

FT: Anglo American venderá participação em mina de carvão australiana por US$ 1,1 bilhão

Globo

Roberto Irineu Marinho

Brazil

FT: Anglo American to sell stake in Australian coal mine for US$ 1.1 billion

The miner is racing to sell coking coal mines in Australia and nickel assets in Brazil while spinning off platinum mines in South Africa.

Media Bias/Fact Check

Times Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

South Africa

Anglo to sell 33% stake in Australian coal assets for $1.6bn

Ad Fontes Media

All Sides

Nikkei Inc.

UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for about US$1.1 billion.

Business Times

Anglo-American to sell stake in Australian steelmaking coal mines for US$1.1 billion

(Reuters) – Anglo American said on Monday that it will sell its minority stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia for A$1.6 billion ($1.06 billion). ($1 = 1.5156 Australian dollars)   (Reporting by Prerna Bedi in Bengaluru; Editing by Sonia […]

Global Banking & Finance Review

Anglo American to Sell Coal Mine Stakes for A$1.6B

Anglo American plc (LON:AAL) has agreed terms for the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin Pty Limited for cash proceeds of A$1.6 billion (approximately US$1.1 billion). Zashvin is an existing 33.3% shareholder in Jellinbah alongside Anglo American and Marubeni. Anglo American does not operate…

DirectorsTalk Interviews

Anglo American Plc to sell 33.3% minority interest in Jellinba

ANGLO American finally has runs on the board in its far-reaching restructuring strategy announcing on Monday an agreement to sell its 33.3% stake in Jellinbah Group, a joint venture which has a 70% stake in two metallurgical coal mines in Australia. The mines – Jellinbah East and Lake Vermont – will be sold for A$1.6bn (US$1.06bn) to Zashvin Ltd, a 33.3% shareholder in Jellinbah Group. The mines contributed $153m to group Ebitda in the first hal…

Miningmx

Anglo to sell Aussie metallurgical coal stake for A$1.6bn

Coal

Brazil Economy

Moranbah

Isaac Regional

Queensland

Australia

Anglo American to offload Australian coal mining stake for $1.1bn

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