Five Anglo American Mines Go Back on Sale -- Market Talk

Dow Jones12-08 18:48

1048 GMT - Five Australian coal mines owned by Anglo American will soon be on sale again, with a buyer likely to come from a handful of places, Panmure Liberum analysts Duncan Hay and Tom Price write. Peabody Energy backed out of an agreement to buy the mines for $3.78 billion in August. That price implied a value of $280 a metric ton, below the $298 average across recent deals, the analysts write. A buyer could be found among Glencore; Stanmore, based on its prior interest in Queensland mines; Coronado or Yanzhou, given the miners' presence in Australian met-coal; a Japanese industry player; or private equity as miners retreat from coal. Anglo shares are down 0.8% at 29.57 pounds. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

December 08, 2025 05:48 ET (10:48 GMT)

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