Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With ...
1 day ago · Anglo American (OTC:AAUKF) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out earlier this year, the company is focusing on copper, iron ...
Anglo American Sells Stake in Australian Coal Mines for $1.1 Billion ...
2 days ago · Global News Select Anglo American Sells Stake in Australian Coal Mines for $1.1 Billion — Update ... The buyer, Brisbane-based Zashvin, holds 33.3% in the venture already. Anglo said the deal is ...
Billionaire pays $1.6b for Anglo’s stake in Qld mines - Financial …
2 days ago · Zashvin spokesman James Xu said the purchase reflected the Chong family’s “confidence in Queensland’s coal industry”. Jellinbah Group has a 70 per cent stake in the Jellinbah mine, with ...
Anglo American to offload Australian coal mining stake for $1.1bn
2 days ago · The London-listed mining company will sell its 33.3 per cent stake in Jellinbah Group to Zashvin, the Australian power generation operator that already owns a third of the venture alongside ...
Anglo American To Sell 33.3% Stake In JV Jellinbah To Partner Zashvin …
2 days ago · British miner Anglo American Plc (AAUKY.PK,AAL.L) announced Monday that it has agreed terms for the sale of its 33.3 percent minority interest in joint venture Jellinbah Group Pty Ltd. to its JV partner Zashvin Pty Ltd. for cash proceeds of A$1.6 billion or around $1.1 billion.The sale is subject to customary regulatory approvals and is expected to complete in the second quarter of 2025.
Anglo American agrees to sell minority interest in Jellinbah for $1.1B
2 days ago · Anglo American has agreed terms for the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking ...
Anglo Agrees Coal Mine Stake Sale as Restructuring Continues
2 days ago · Anglo said Monday that it has agreed to sell its 33.3% stake in Jellinbah Group to Zashvin Pty Ltd., which already owns a third of the Australian coal miner, alongside Marubeni Corp. The deal is expected to be completed in the second quarter of 2025. The company is also in the process of selling the rest of its Australian coal business.
Anglo American Sells Stake in Jellinbah Group to Zashvin for $1.6 …
2 days ago · Anglo American has sold its 33.3% stake in Jellinbah Group, a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont metallurgical coal mines in Australia, to Zashvin for $1 ...
Anglo Agrees Coal Mine Stake Sale as Restructuring Continues (1)
Anglo American Plc has agreed to sell a A$1.6 billion ($1.05 billion) stake in one of its Australian coal mines, boosting the company’s efforts to execute its turnaround strategy.. Anglo announced a restructuring earlier this year as part of a successful rebuttal of a $49 billion approach from BHP Group, the world’s biggest miner.That plan centered around exiting diamond mining by spinning ...
Anglo American to sell stake in Jellinbah East and Lake Vermont …
1 day ago · Anglo American has agreed to divest its 33.3% minority stake in Jellinbah Group, a joint venture (JV) that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin in an all-cash deal worth $1.1bn. Zashvin is an existing 33.3% shareholder in the JV, alongside Anglo American and Marubeni.