Anglo American to offload Australian coal mining stake for $1.1bn

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Financial Times 2w ago

Anglo American to offload Australian coal mining stake for $1.1bn - Financial Times

Quick Summary:

However, BHP later issued a statement following MacKenzie’s comments, saying the UK Takeover Panel Executive has confirmed that they will “not be treated as a statement of intention not to make an offer in respect of Anglo American” under takeover rules.

It sold off about 5 per cent of its platinum business Anglo American Platinum in September, cutting its holding from 78.6 per cent to 73.7 per cent.

He plans to offload its trophy De Beers diamond arm, as well as its coal, nickel and platinum units, leaving the business focused on copper and iron ore — earning about 60 per cent of its revenue from copper.