anglo american said to weigh sale of 2 australian coal mines

Rio Tinto sale to Yancoal resets mood for Australian coal ...

Jan 25, 2017· Rio Tinto sale to Yancoal resets mood for Australian coal mine deals ... Anglo American still has other coal mines it wants to sell. ... for Rio Tinto's suite of mostly thermal coal …


Apollo consortium frontfrunner for Anglo's $1.5 billion ...

Anglo American last week booked a $1.2 billion impairment on the value of the Moranbah-Grosvenor assets, which it said reflected a weaker outlook for the price of metallurgical coal, used in steel ...


Anglo weighs sale of two Australian coal mines - Moneyweb

Anglo's Australian coal mines produced about 14.7 million metric tons of steelmaking coal and 8.5 million tons of energy coal in the first nine months of 2014, the company said in a Oct. 23 ...


Anglo-American and Glencore sell off marginal mines ...

Anglo-American and Glencore sell off marginal mines ... Anglo's sale of the Foxleigh coal mine in Australia is part of a massive ... The miner has said it expects to get out of coal along with ...


Rio Tinto sale to Yancoal resets mood for Australian coal ...

Rio Tinto sale to Yancoal resets mood for Australian coal mine deals ... Anglo American still has other coal mines it wants to sell. ... Rio Tinto's suite of mostly thermal coal assets in ...


Sources: Anglo American to Sell Coal Assets in Australia ...

Jacqui Strambi, a spokeswoman for Anglo American in Brisbane, declined to comment on the sale of the Dawson and Foxleigh mines, but said the company is reviewing its coal assets. "There is a review of the Australian coal assets but the outcome is yet to be determined," Strambi told Bloomberg.


Anglo American paves way for Australian coal exit - SMH.com.au

Anglo American, led by chief executive Mark Cutifani (pictured), is at the pointy end of its Queensland coal sale process. Credit: Sean Davey Anglo said it will focus on diamonds, platinum and copper.


Multinational Anglo American is getting out of global coal ...

ANGLO American is selling its Drayton and Drayton South mines as part of a global withdrawal from coal only weeks after denying it would sell Drayton to avoid $275 million in rehabilitation and ...


Anglo close to selling Australian coal assets to Apollo ...

Anglo American said in February that discussions were under way to divest its Moranbah and Grosvenor coal mines in Queensland state as part of its plans to sell $3-4 billion of assets this year.


Anglo American concludes sale of three coal mines in South ...

Anglo American concludes sale of three coal mines in South Africa ... Deputy Chairman of Anglo American South Africa, said in ... chairman of South Africa's Chamber of Mines. Thanks to the ...


Anglo American closing in on Australian coal mines sale ...

Anglo American is hopeful of concluding the sale of its Australian coal mines within weeks with BHP Billiton among the leading bidders, said people who have been close to the sales process.


US coal legend Ernie Thrasher close to bagging Anglo mines ...

Apollo Global Management is said to be in exclusive talks to buy Anglo American's (LON:AAL) metallurgical coal mines in Australia. According to the Financial Review, …


Anglo American sticks to list of four coal mines for sale ...

Perth — Anglo American is not seeking to add any more Australian coal mines to its list of assets for sale, company spokeswoman Vanessa Davies said Wednesday. The announcement comes one day after Anglo American CEO Mark Cutifani told a London investors gathering that it would undergo "an ...


Anglo American to sell Australian coking coal mines

Feb 16, 2016· Miner Anglo American has flagged an exit from Australia and coal by putting its two best coking coal mines up for sale as it narrows its global focus to copper, platinum and diamonds.


Anglo American sells some collieries and mines to Seriti ...

Anglo American sells some collieries and mines to Seriti Resources ... long-term coal supply solutions," Teke said. The sale also ticked a box for Anglo in creating a black-owned mining company ...


Callide and Dartbrook coal mines for sale as Anglo targets ...

Anglo American's Callide and Dartbrook coal mines are for sale as the miner announces a massive transformation that will see it shed 35 per cent of its workforce globally.


Anglo American's coal mine sale down to two bidders ...

It is believed the sales process for Anglo American's Grosvenor and Moranbah North coal mines is now down to the last bidders, BMA and AMCI. ... Anglo American's coal mine sale down to two ...


Anglo American putting up 'for sale' sign

Anglo said the coalmines it was putting up for sale had total annual production capacity of 12.2 million tonnes of export coal and 8.4 million tonnes of domestic coal.


Anglo shortlists bidders for its Eskom coal mines | Fin24

Anglo shortlists bidders for its Eskom coal mines Jan 19 2017 08:18. Loni Prinsloo and Paul Burkhardt ... Cape Town - Anglo American ... Rand Merchant Bank is involved in the process, they said. Anglo, founded in Johannesburg in 1917, announced plans in February 2015 to sell more than half its mines so that it could focus on a smaller group of ...


Q4 2016 Production Report – Anglo American

(8) Export thermal coal includes production from Australia, South Africa and Colombia; (9) Copper equivalent production is normalised for the sale of Anglo American Norte, Kimberley, Niobium & Phosphates, Foxleigh and Callide, and to reflect Snap Lake being placed on care and maintenance, and to reflect the closure of Drayton.


Anglo to keep Australian coal mines not already up for sale

Anglo American is still pursuing the sale of four coal mines put on the block in late 2014 and early 2015, but had no plans to add to the list, said Vanessa Davies, a spokeswoman for the company's ...


Anglo American moves closer to Australian coal mines sale

Jul 27, 2016· Anglo American moves closer to Australian coal mines sale. ... Eskom said coal from an Anglo mine costs "more than double" Eskom's average cost. ... Mr Cutifani has said …


Rio Tinto sells thermal coal assets to Yancoal - afr.com

Numerous other Australian coal mines remain on the market, with Anglo American yet to sell its two best coking coal mines in Queensland, while Brazilian miner Vale and American miner Peabody ...


Anglo American to sell SA coal mines to black controlled ...

BizNews Premium. The world is changing fast and to keep up you need local knowledge with global context. ... Seriti has expressed interest in Anglo's New Largo project and also plans to bid on export coal mines as they are put up for sale, he said. ... Norman Mbazima, Deputy Chairman of Anglo American South Africa, said: "We believe that ...


Rio Tinto receives calls on its remaining Australian coal ...

A formal sale process for Hail Creek and Kestrel may not begin until Anglo American decides whether to sell its Australian coking coal mines, the people said.


Glencore puts Australian coking coal mine on block | Reuters

The sale of two Rio Tinto coking coal mines is attracting scores of interested buyers, while investors are also looking at mines for sale from companies including Anglo American, Wesfarmers and ...


Anglo American

Anglo American is a globally diversified mining business. Our portfolio spans diamonds (De Beers), platinum, copper, iron ore and manganese, metallurgical and thermal coal, and nickel across a number of locations including South African, Chile, Brazil, Peru, Australia and Finland.


Anglo American to sell two more Australian coal mines ...

Anglo American to sell two more Australian coal mines February 15, 2016 Diversified major Anglo American on Tuesday announced the sale of more Australian coal mines, as part of a wide-ranging restructuring of the group's portfolio to create the 'new Anglo American'.