Skip to main content

Anglo American sells Drayton coal mine

Published by , Editor
World Coal,


Anglo American plc has entered into a sale and purchase agreement with Malabar Coal Ltd to sell its 88.17% interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia.

The Transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American's interest in Drayton. The transaction remains subject to several conditions precedent and its terms are confidential.

Mark Cutifani, Chief Executive of Anglo American, said: “The agreement to sell the Drayton thermal coal mine marks further progress as we focus our global portfolio around our largest and most competitive assets.”

Anglo American ceased mining activities at the Drayton mine during 2016.

Read the article online at: https://www.worldcoal.com/mining/04052017/anglo-america-sells-drayton-coal-mine/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Australia coal news