Anglo American has completed the sale of its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia, to a consortium led by Taurus Fund Management, following the announcement of the sale and purchase agreement on 4 April this year.
Foxleigh is an opencast coal operation, which produces high-quality pulverised coal injection (PCI) coal, located in Queensland’s Bowen Basin, 12 km southwest of Middlemount.
Anglo American’s attributable share of Foxleigh’s saleable production was 1.86 million t in 2015.
The terms of the transaction remain confidential.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/mining/30082016/anglo-america-sells-foxleigh-mine-2329/