BREAKING NEWS
This content is not available in your region

Asia

Anglo American to sell 12% stake in Australia mine for about $141 million

Access to the comments Comments
By Reuters
Anglo American to sell 12% stake in Australia mine for about $141 million
FILE PHOTO: The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019 Picture Taken March 14, 2019. REUTERS/Rodrigo Garrido   -   Copyright  RODRIGO GARRIDO(Reuters)
Text size Aa Aa

(Reuters) – Miner Anglo American Plc <AAL.L> said on Wednesday it plans to sell a minority stake of 12% in its Grosvenor coking coal mine in Australia for about $141 million to a consortium of Japanese companies.

The consortium — which includes Nippon Steel Corp <5401.T>, Mitsui & Co Ltd <8031.T>, Nippon Steel Trading Corp <9810.T>, Shinsho Corp <8075.T>, JFE Mineral Co Ltd — also owns a 12% stake in Anglo’s Moranbah North mine that provides the coal processing infrastructure for Grosvenor.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak Dasgupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.