Anglo American Completes Sale of Drayton Coal Mine

On February 26, Anglo American plc (Anglo American) announced the completion of the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project located in New South Wales, Australia, to Malabar Coal Ltd. It originally announced the sale and purchase agreement in May 2017.

Anglo American ceased mining activities at the Drayton mine during 2016.

Mark Cutifani, chief Executive of Anglo American, said, “The sale of Drayton marks further progress in the transformation of our globally diversified portfolio, focused around our largest and most competitive assets.”