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Anglo American sells stake in Australian coal mine

Staff Writer | May 4, 2017
Anglo American said it had agreed the sale of its 88% stake in the Drayton thermal coal mine and Drayton South project in Australia, to Malabar Coal for an undisclosed sum.
Anglo American
Acquisition   Malabar Coal is the buyer
Anglo American stopped mining activities at Drayton during 2016.

"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," chief executive Mark Cutifani said.