Anglo American Completes Sale of Drayton Coal Mine, Australia
[Click image to enlarge]
Anglo American has completed the sale of its 88.17 percent interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia, to Malabar Coal Limited. The terms of the transaction remain confidential.
Anglo American ceased mining activities at the Drayton mine during 2016.
“The sale of Drayton marks further progress in the transformation of our globally diversified portfolio, focused around our largest and most competitive assets,” said Mark Cutifani, chief executive of Anglo American.
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
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2018 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
