(Bloomberg) — Anglo American Plc said it’s agreed to sell its steelmaking coal business for about $4.9 billion, including the already announced sale of its interest in Jellinbah Group.
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The company has agreed to sell its portfolio of steelmaking coal mines in Australia to Peabody Energy, in a deal that could rise to as much as $3.775 billion in cash, Anglo said Monday in a statement.
Anglo announced a restructuring earlier this year as part of a successful rebuttal of a $49 billion approach from BHP Group, the world’s biggest miner. That plan centered around exiting diamond mining by spinning off or selling its De Beers unit, separating its platinum operations and selling its coal mines.
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