Anglo American says it has sold its five steelmaking coal mines in central Queensland to a UK mining company Dhilmar Ltd for up to $5.43 billion.
Anglo American says it has sold its five steelmaking coal mines in central Queensland to a United Kingdom mining company for up to $5.43 billion.
The sale to Dhilmar Ltd includes Anglo's interests in Moranbah North and Grosvenor Mines, Capcoal, Roper Creek, Dawson South and Theodore South joint ventures. It also includes the town of Middlemount where the company provides housing, a shopping centre, childcare and a medical centre. Anglo American chief executive Duncan Wanblad said in a statement that Dhilmar had considerable experience in operating major mining assets, including in steelmaking coal, in South East Asia and Canada.
"We will work together with the Dhilmar team and with our workforce, local communities, government, customers and partners to ensure a successful transition," he said. The sale follows the collapse of an earlier sale to American miner Peabody Energy, which pulled out of the deal using a "material adverse change" clause following a Smoke billows from ventilation shafts after a fire broke out inside the Grosvenor Coal Mine near Moranbah in June 2024.
Anglo alleged that Peabody had wrongfully terminated the deal, and that an "ignition event" at Moranbah North did not constitute an MAC.
Anglo American Indonesian Coal Isaac Regional Council Kelly Vea Vea Underground Mine Fire Grosvenor Explosion Mine Sale Anglo American Coal Mines Sold Mines In Central Qld Sold
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