COAL
Diversified miner Anglo American has struck a sales agreement with unlisted Malabar Coal to divest of its 88.17% interest in the Drayton thermal coal and the much aligned Drayton South project, in New South Wales.
“The agreement to sell the Drayton thermal coal mine marks further progress as we focus our global portfolio around our largest and most competitive assets,” Anglo CEO Mark Cutifani said on Thursday.
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