Anglo American Shares Drop After $3.9 Billion Coal Exit Deal Puts Teck Merger in Focus
Anglo American shares fell 1.3% to 3,733 pence in London after the miner agreed to sell its Australian steelmaking coal business to Dhilmar for up to $3.875 billion. The drop came as metals prices weakened and mining stocks lagged a stronger FTSE 100. Rio Tinto and Glencore also declined. The sale is expected to close by early 2027, pending conditions.