Anglo American has agreed to sell its portfolio of Australian steelmaking coal mines to Dhilmar for cash consideration of up to US$3.875 billion. The transaction follows Peabody’s termination of purchase agreements for these assets last year due to a material adverse change. “This agreement represents another major step in the simplification of our portfolio ahead of completing our merger with…
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Anglo American’s 10-year vision for a “mine of the future” became reality when all of its underground coal mines in Australia’s Bowen Basin began operating simultaneously from Remote Operation Centres (ROCs). Additionally, the Central Queensland underground operations have notched up 10,000 longwall mining shears from those ROCs, another remarkable feat. Matthew Wakeford, Anglo American Australia automation superintendent, said the rapid…
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Peabody Energy, which is working on redevelop its Centurion mine in the Bowen Basin region of Queensland, has shipped first product from the hard coking coal property. The inaugural shipment was delivered to the Dalrymple Bay Coal Terminal and loaded for export to a customer in Asia the week of 9 December. Centurion is undergoing a ramp-up at the mine…
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Anglo American has agreed to sell its 33.3% minority interest in Jellinbah Group, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin A$1.6 billion (US$1.1 billion). Zashvin is an existing 33.3% shareholder in Jellinbah alongside Anglo American and Marubeni. “The cash proceeds of A$1.6 billion reflect the…
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