Anglo American offloads Jellinbah coal mine stake for $1bn
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Anglo American PLC has sold its 33.3% stake in Jellinbah Group Pty Ltd, which owns a 70% interest in the Jellinbah East and Lake Vermont coal mines in Australia, for $1 billion to joint venture partner Zashvin.
January 29, 2025 | 9:30 am
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Anglo American PLC has divested its 33.3% stake in Jellinbah Group, which owns a significant interest in Australian coal mines, for $1 billion. This move could impact the company's asset portfolio and financials.
The sale of a major stake in coal mines for $1 billion is a significant transaction for Anglo American, likely improving its cash position and allowing for potential reinvestment or debt reduction. This could positively impact the stock price in the short term.
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