Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American’s A$1.6bn coal sale: What this game-changing move means for the industry

Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]