19
May
Staff Writer Anglo American has agreed to sell its Australian steelmaking coal business to Dhilmar Limited in a deal valued at up to US$3.875 billion as the mining group continues restructuring its global portfolio. The transaction includes Anglo American’s steelmaking coal portfolio and consists of an upfront cash payment of US$2.3 billion when the deal is completed, alongside a price-linked earnout of up to US$1.575 billion. The company said proceeds from the sale will be used to reduce net debt. Anglo American chief executive officer Duncan Wanblad said the agreement reflects the value of the assets and the strength of…
