What is the total value of Anglo American's sale of its Australian steelmaking coal mines, and how is the payment structured?

Anglo American will sell its Australian steelmaking coal mines to UK-based Dhilmar for up to $3.88 billion, comprising $2.3 billion in upfront cash and up to $1.58 billion linked to coal prices.

Why is Anglo American selling its Australian coal assets, and what strategic goal does this support?

Anglo American is selling its Australian steelmaking coal mines to exit the coal sector, cut debt, and streamline assets ahead of its planned merger with Canada's Teck Resources—which aims to create a copper-focused mining company.

Anglo American to Sell Australian Coal Mines for Up to $3.88 Billion

May 17, 2026

Anglo American plans to sell Australian steelmaking coal mines to Dhilmar for up to $3.88 billion, exiting the sector to cut debt before merging with Teck Resources.

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