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Anglo American PLC — M&A Activity 2016
Oct 31, 2016
4786_rns_2016-10-31_b430bc9a-fe0e-4ed4-bced-3116efe24321.html
M&A Activity
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RNS Number : 8134N
Anglo American PLC
31 October 2016
| 31 October 2016 | |
| Anglo American completes sale of Callide mine in Australia | |
Anglo American plc ("Anglo American") announces the completion of the sale of its wholly owned interest in the Callide thermal coal mine ("Callide") in Queensland, Australia to Batchfire Resources Pty Ltd, following the announcement of the share sale agreement on 20 January 2016.
Callide consists of an open cut thermal coal mine and associated processing infrastructure that produced 7.9Mt of coal in 2015 (and 5.5Mt in the first nine months of 2016), the majority of which was sold to two adjacent power stations under long term contracts.
The terms of the transaction remain confidential.
For further information, please contact:
| Media | Investors | |
| UK James Wyatt-Tilby [email protected] Tel: +44 (0)20 7968 8759 Marcelo Esquivel [email protected] Tel: +44 (0)20 7968 8891 |
UK Paul Galloway [email protected] Tel: +44 (0)20 7968 8718 Trevor Dyer [email protected] Tel: +44 (0)20 7968 8992 |
|
| South Africa Pranill Ramchander [email protected] Tel: +27 (0)11 638 2592 Ann Farndell [email protected] Tel: +27 (0)11 638 2786 |
Sheena Jethwa [email protected] Tel: +44 (0)20 7968 8680 |
|
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.
As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.
This information is provided by RNS
The company news service from the London Stock Exchange
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