Anglo American agrees to sell steelmaking coal business for up to $3.875 billion
LONDON: Anglo American announces that it has agreed to sell its portfolio of steelmaking coal mines in Australia (“Steelmaking Coal Portfolio”) to Dhilmar Limited for a cash consideration of up to US$3.875 billion. The agreed cash consideration of up to US$3.875 billion comprises an upfront cash consideration of US$2.3 billion payable by Dhilmar at completion and a price-linked earnout1…