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Anglo America sells Foxleigh mine

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World Coal,

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

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