Anglo American plc Revives Coal Sale as Three Bidders Circle Australian Mines
Anglo American plc’s Australian steelmaking coal assets are back in play, with at least three bidders circling after last year’s $3.78 billion Peabody Energy deal collapsed. According to Bloomberg News, Stanmore Resources, Mitsubishi Corp, and Indonesia’s PT Buma Internasional Grup remain contenders for the business, which produces coal for blast furnaces. Why does this renewed interest matter? Anglo is moving to offload less important units, aiming to boost its copper profile. Back in February, it updated investors: coal sale on track, nickel disposal agreed, De Beers split in progress. All of it tied to Anglo’s bigger pivot—copper, top-tier iron ore and crop nutrients—as it prepares to merge with Teck Resources.