Anglo American to sell 12% stake in Australia mine for about $141 million

Shinsho

27/11/2019 07:36

Nov 27 (Reuters) - Miner Anglo American Plc  AAL.L  said on
Wednesday it plans to sell a minority stake of 12% in its
Grosvenor coking coal mine in Australia for about $141 million
to a consortium of Japanese companies.
    The consortium — which includes Nippon Steel Corp  5401.T ,
Mitsui & Co Ltd  8031.T , Nippon Steel Trading Corp  9810.T ,
Shinsho Corp  8075.T , JFE Mineral Co Ltd — also owns a 12%
stake in Anglo's Moranbah North mine that provides the coal
processing infrastructure for Grosvenor.  urn:newsml:reuters.com:*:nRSa7571Ua

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak
Dasgupta)
 ((Yadarisa.Shabong@thomsonreuters.com; within UK: +44 020 7542
1810 (extn. 9089); outside UK: +91 80 6749 9089;))