Loading...
Market
BUMA exercises option to purchase Dawson mine by December 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from BUMA or Anglo American, financial news outlets
Story
Anglo American Exits Coal Mining with $3.8 Billion Sale of Australian Assets to Peabody
Nov 25, 2024, 07:31 AM
Anglo American has agreed to sell its steelmaking coal assets, including five Australian mines, to Peabody Energy for up to $3.8 billion. The deal comprises an upfront payment of $2.05 billion, $725 million in deferred payments over five years, and up to $1 billion in contingent payments if metallurgical coal prices exceed certain levels above $235 per tonne over the next five years. Additionally, BUMA may option the Dawson mine for $445 million. Including the already announced sale of its interest in Jellinbah Group, Anglo American expects to generate up to $4.9 billion in total cash proceeds from the sale of its steelmaking coal business. This transaction aligns with Anglo American's strategy to exit coal mining.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Zijin Mining Group • 25%
China National Gold Group • 25%
Shandong Gold Group • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
BHP owns more than 50% • 25%
Lundin Mining owns more than 50% • 25%
Ownership remains 50:50 • 25%
Ownership changes to another structure • 25%