AAL Anglo American Plc (AAL) News

TIDMAAL

RNS Number : 8435F

Anglo American PLC

26 February 2018

 
 
26 February 2018 
Anglo American completes sale of Drayton 
coal mine in Australia 
 

Anglo American plc ("Anglo American") announces the completion of the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project (together, "Drayton"), located in New South Wales, Australia, to Malabar Coal Limited following the announcement of the sale and purchase agreement in May 2017. The terms of the transaction remain confidential.

Anglo American ceased mining activities at the Drayton mine during 2016.

Mark Cutifani, Chief Executive of Anglo American, said: "The sale of Drayton marks further progress in the transformation of our globally diversified portfolio, focused around our largest and most competitive assets."

For further information, please contact:

 
 Media                                     Investors 
 UK                                        UK 
  James Wyatt-Tilby                         Paul Galloway 
  james.wyatt-tilby@angloamerican.com       paul.galloway@angloamerican.com 
  Tel: +44 (0)20 7968 8759                  Tel: +44 (0)20 7968 
                                            8718 
  Marcelo Esquivel 
  marcelo.esquivel@angloamerican.com        Trevor Dyer 
  Tel: +44 (0)20 7968 8891                  trevor.dyer@angloamerican.com 
  South Africa                              Tel: +44 (0)20 7968 
  Pranill Ramchander                        8992 
  pranill.ramchander@angloamerican.com      Sheena Jethwa 
  Tel: +27 (0)11 638 2592                   sheena.jethwa@angloamerican.com 
  Ann Farndell                              Tel: +44 (0)20 7968 
  ann.farndell@angloamerican.com            8680 
  Tel: +27 (0)11 638 2786 
 
 
 

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate - creating sustainable value and making a real difference.www.angloamerican.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 26, 2018 02:00 ET (07:00 GMT)