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Malabar Coal to Acquire Anglo American’s Stake in Drayton Coal Mine, Australia

Published: May 25, 2017 |

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Anglo American has entered into a sale and purchase agreement with Malabar Coal Limited to sell its 88.17 percent interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia.

The transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American’s interest in Drayton. The transaction remains subject to several conditions precedent and its terms are confidential.

“The agreement to sell the Drayton thermal coal mine marks further progress as we focus our global portfolio around our largest and most competitive assets,” said Mark Cutifani, chief executive of Anglo American.

Anglo American ceased mining activities at the Drayton mine during 2016.


About Anglo American
Anglo American is a globally diversified mining business. Their 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. Their people are at the heart of their business. It is their people who use the latest technologies to find new resources, plan and build their mines and who mine, process and move and market their products — from diamonds (through De Beers) to platinum and other precious metals and copper — to customers around the world.

To stop by Anglo American’s website, CLICK HERE


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