Anglo American announces intention to divest Callide thermal coal mine in Australia
22 November, 2010
Anglo American plc (“Anglo American”) announces its decision to begin a divestment process for its Callide thermal coal mine in Central Queensland, Australia.
The strategy for Anglo American’s Metallurgical Coal business, based in Australia, is to focus on growing its metallurgical coal and high margin export thermal coal businesses.
The Callide mine primarily supplies domestic power stations in Queensland and is wholly owned by Anglo American. The mine produced 8.8 million tonnes of thermal coal in 2009 and has expansion potential from its resource base of more than 1 billion tonnes.