Batchfire Resources to Acquire Anglo American’s Callide Thermal Coal Mine, Queensland
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Anglo American plc has entered into a share sale agreement with Batchfire Resources Pty Ltd to sell its 100 percent interest in the Callide thermal coal mine in Queensland, Australia.
Callide consists of an open pit thermal coal mine and associated processing infrastructure that produced 7.6 Mt of coal in 2014 (and 5.6 Mt in the first nine months of 2015), the majority of which (4.7 Mt in 2014) was sold to two adjacent power stations under long term contracts.
About Anglo American
Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Their people are at the heart of their business. It is the people who use the latest technologies to find new resources, plan and build the mines and who mine, process and move and market products — from bulk commodities and base metals to precious metals and diamonds (through De Beers) — to customers around the world. The diversified portfolio of products spans the economic development cycle and, as a responsible miner, they are the custodians of precious resources. The company works together with key partners and stakeholders to unlock the long-term value that those resources represent for shareholders, but also for the communities and countries in which they operate — creating sustainable value and making a real difference. Their mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.
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