Anglo American plc has entered into a Share Sale Agreement (SSA) with Batchfire Resources Pty Ltd to sell its 100% interest in the Callide thermal coal mine in Queensland, Australia.
Callide consists of an opencast thermal coal mine and associated processing infrastructure that produced 7.6 million t of coal in 2014 (and 5.6 million t in the first nine months of 2015), the majority of which (4.7 million t in 2014) was sold to two adjacent power plants under long-term contracts.
The transaction will be carried out via a sale of shares in the subsidiary companies holding Anglo American's interest in Callide.
The transaction will remain subject to several conditions precedent, and its terms are confidential.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/mining/20012016/anglo-american-to-sell-callide-coal-mine-to-batchfire-resources-75/