Anglo American plc has completed the sale of its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia to a consortium led by Taurus Fund Management. The parties have not disclosed the terms of the sale. Foxleigh is an open cut coal operation which produces high quality pulverised coal injection (PCI) coal, located in Queensland’s Bowen Basin. The mine produced 1.86mt in 2015 for Anglo American’s account, representing around 9% of the company’s total 2015 metallurgical coal production of 21.2mt.
About Anglo American
Anglo is a globally diversified mining business. It is one of the world’s largest miners and describes itself as having a, “portfolio of world-class competitive mining operations and undeveloped resources”. It mines diamonds (through De Beers), copper, platinum and other precious metals, iron ore, manganese, coal and nickel.
Anglo American has mining operations in Southern Africa, North and South America, and Australia. The company employs 87,000 globally, is headquartered in London and is listed on both the London and Johannesburg stock exchanges.
Anglo sells Foxleigh metcoal mine: AAL