Anglo American has laid out plans to refocus on copper and iron ore while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, reported Reuters. The announcement comes after the miner rejected a second takeover bid from rival BHP.
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Canadian-based Teck Resources said it is still evaluating offers for its steelmaking coal operations as the miner seeks to separate its coal and base metals businesses, reported Bloomberg. Read the full story here.
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OEM Caterpillar has confirmed to North American Mining and Miners News that it has made a preliminary deal to exit longwall mining and divest its longwall equipment arm to Hauhinco.
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Brazilian-based miner Vale has confirmed in a regulatory securities filing notice that it is selling its Moatize coal operation and Nacala logistic corridor in Mozambique to Jindal Group subsidiary Vulcan Minerals in a $270 million deal.
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BHP announced 8 November it has inked a deal to divest its 80% holding in BHP Mitsui Coal (BMC), effectively exiting the metallurgical coal scene in Queensland, Australia.
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