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26 February 2018 |
Anglo American completes sale of Drayton coal mine in Australia |
Anglo American plc ("Anglo American") 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 Limited 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.
Mark Cutifani, Chief Executive of Anglo American, 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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Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.
As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate - creating sustainable value and making a real difference.www.angloamerican.com
