Jan 20, 2016

Anglo offloads CQ mine

Anglo offloads CQ mine

Anglo American has entered into a share sale agreement with Batchfire Resources to sell its 100 per cent interest in the Callide thermal coal mine, 20km north-east of Biloela in Central Queensland.

Announcing the deal, Anglo said the transaction remained subject to several conditions and its terms were confidential.

Callide consists of an open-pit thermal coal mine and associated processing infrastructure. The operation supplies coal to the adjacent Callide power stations under long-term contracts.

The deal comes just a month after Anglo American announced it had reached an agreement to sell Dartbrook thermal coal mine in the Hunter Valley, New South Wales, to Australian Pacific Coal.

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