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Anglo American finalises sale of Drayton coal mine to Malabar Coal Ltd

Published by , Assistant Editor
World Coal,

Anglo American plc announces the completion of the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project (together, Drayton), located in New South Wales (Australia), to Malabar Coal Ltd following the announcement of the sale and purchase agreement in May 2017. The terms of the transaction remain confidential.

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

Chief Executive of Anglo American, Mark Cutifani, said: "The sale of Drayton marks further progress in the transformation of our globally diversified portfolio, focused around our largest and most competitive assets."

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Australia coal news