Investing
Anglo American to sell stake in Australian steelmaking coal mines for $1.1 billion
Anglo American to sell stake in Australian steelmaking coal mines for $1.1 billion
Published by Uma Rajagopal
Posted on November 4, 2024

Published by Uma Rajagopal
Posted on November 4, 2024

(Reuters) – Anglo American said on Monday that it will sell its minority stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia for A$1.6 billion ($1.06 billion).
($1 = 1.5156 Australian dollars)
(Reporting by Prerna Bedi in Bengaluru; Editing by Sonia Cheema)
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