Anglo American to sell coal mines for up to 3.88 billion
Anglo American will sell its Australian coal mines to Dhilmar for up to $3.88 billion. The deal simplifies the firm ahead of its Teck Resources merger.
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ANGLO AMERICAN PLC will sell its Australia steelmaking coal mines to Dhilmar for up to $3.88 billion. The divestment marks a total exit from the sector ahead of a merger with Canada-based Teck Resources. The deal pivots the miner toward copper and provides $2.3 billion in upfront cash to reduce debt.
