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Anglo American to sell steelmaking coal mines to Peabody in $3.8bn deal
Anglo American has agreed to divest its remaining steelmaking coal portfolio in Australia to Peabody Energy in an all-cash deal valued at up to $3.77bn.
According to Anglo American, the transaction marks a significant step in its strategy to restructure its business through the sale and divestment of non-core assets.
Anglo American’s assets are projected to produce 11.3 million tonnes of steelmaking coal annually by 2026. Of this, around 80% is hard coking coal.
The mines have a combined marketable reserve of 306 million tonnes and an additional 1.7 billion tonnes of resources, with an average mine life exceeding 20 years.
Through the acquisition, Peabody Energy aims to enhance its metallurgical coal segment, increasing output from an estimated 7.4 million tonnes this year to 21–22 million tonnes by 2026.
Subject to regulatory approvals and customary conditions, the transaction is expected to be completed by Q3 2025.
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- [Editor:邢亚敏]
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