Anglo American announces intention to divest Callide thermal coal mine in Australia
Anglo American plc (“Anglo American”) announces its decision to begin a divestment process for its Callide thermal coal mine in Central Queensland, Australia.
The strategy for Anglo American’s Metallurgical Coal business, based in Australia, is to focus on growing its metallurgical coal and high margin export thermal coal businesses.
The Callide mine primarily supplies domestic power stations in Queensland and is wholly owned by Anglo American. The mine produced 8.8 million tonnes of thermal coal in 2009 and has expansion potential from its resource base of more than 1 billion tonnes.
Notes to editors:
Anglo American plc is one of the world’s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining businesses spans precious metals and minerals – in which it is a global leader in both platinum and diamonds; base metals – copper and nickel; and bulk commodities – iron ore, metallurgical coal and thermal coal. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company’s mining operations and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia. www.angloamerican.com
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