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Anglo sells interest in Callide thermal coal mine

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World Coal,

Anglo American has completed of the sale of its wholly owned interest in the Callide thermal coal mine in Queensland, Australia, to Batchfire Resources Pty Ltd, following the announcement of the share sale agreement on 20 January 2016.

The Callide coal mine consists of an opencast thermal coal mine and associated processing infrastructure that produced 7.9 million t of coal in 2015 (and 5.5 million t in the first nine months of 2016), the majority of which was sold to two adjacent power plants under long-term contracts.

The terms of the transaction remain confidential.

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