Anglo American has at least three suitors for Australian coal business, Bloomberg News reports (updated)

Stanmore Resources

23/04/2026 12:33

Adds Anglo declined to comment in paragraph 3, background on company in paragraph 6 and 7

April 23 (Reuters) - Anglo American AAL.L has at least three potential buyers for its Australian steelmaking coal business after its unsuccessful deal with Peabody Energy BTU.N for the assets, Bloomberg News reported on Thursday, citing people familiar with the matter.

Australian miner Stanmore Resources SMR.AX, Japan's Mitsubishi Corp 8058.T and Indonesia-based PT Buma Internasional Grup DOID.JK are among the bidders for the coal assets, the report added.

Anglo American declined to comment on the report while Stanmore, Mitsubishi and Buma Internasional did not immediately respond to Reuters' request for comments.

A deal could be announced in coming months, according to Bloomberg.

Peabody withdrew its $3.78 billion bid for Anglo American's Australian coking coal assets in August, and the London-listed miner initiated an arbitration against the U.S.-based coal miner.

The assets up for sale include mines in Queensland's Bowen Basin, the world's top steelmaking coal region, and are part of Anglo's wider plans to divest its non-core assets.

Anglo, which has agreed to merge with Canada's
Teck
 Resources TECKb.TO to create the world's fifth-largest copper producer, is in the midst of selling its struggling De Beers diamond business and nickel assets. It sold its Platinum business in 2025.

 (Reporting by Prerna Bedi in Bengaluru; additional reporting by Megha Kumari and Rishab Shaju; Editing by Leroy Leo and Louise Heavens)

 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))