Anglo American agrees sale of steelmaking coal
The portfolio is sold to Dhilmar for up to US$3.875 billion, including US$2.3 billion upfront and up to US$1.575 billion earnout. Completion is expected by Q1 2027.
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Global mining company
angloamerican.comLast updated
In short: Anglo American agreed to sell its Australian steelmaking coal mines for $3.88 billion and progressed its merger with Teck Resources.
The portfolio is sold to Dhilmar for up to US$3.875 billion, including US$2.3 billion upfront and up to US$1.575 billion earnout. Completion is expected by Q1 2027.
The Second Environmental Tribunal ruling affects Collahuasi's environmental authorization but Anglo American expects no immediate production impact.
Chair and CEO address shareholders on 2025 performance, safety progress, merger with Teck, portfolio simplification, and financial results. All resolutions pass with strong support.
Copper production rises 1%, premium iron ore falls 2%. Strong performances in copper and iron ore. Portfolio optimisation progresses, including steelmaking coal sale and Teck merger.
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