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Anglo American to sell 70% stake in Foxleigh metallurgical coal mine

Anglo AmericanPlc said April 4 that it is selling its 70% interest in theFoxleighmetallurgical coal mine in Queensland, Australia, to a consortium led by TaurusFund Management.

Foxleigh, an open-cut coal operation that contributed 1.9million tonnes of salable production to Anglo American in 2015, was as early asJanuary 2015.

The sale and purchase deal will be done by selling shares inthe subsidiary companies holding Anglo American's interest in Foxleigh. Theterms of the transaction are confidential.