The Transaction will be effected via a sale of shares in the subsidiary companies holding Anglo American's interest in Drayton. The transaction remains subject to several conditions precedent and its terms are confidential.
Mark Cutifani, Chief Executive of Anglo American, said: “The agreement to sell the Drayton thermal coal mine marks further progress as we focus our global portfolio around our largest and most competitive assets.”
Anglo American ceased mining activities at the Drayton mine during 2016.
