4th Apr 2016 06:05
LONDON (Alliance News) - Anglo American PLC on Monday said it has agreed to sell its 70% stake in the Foxleigh metallurgical coal mine in Queensland, Australia.
No financial details on the sale were disclosed, but Anglo said it has sold the stake to a consortium led by Taurus Fund Management.
Foxleigh is an open-cut coal mine which produces high-quality pulverised coal injection coal, Anglo said. It is located in the Bowen Basin in Queensland and delivered 1.86 million tonnes of production attributable to Anglo in 2015.
By Sam Unsted; [email protected]; @SamUAtAlliance
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