Unidentified sources told Reuters recently that private firm Apollo, which has joined forces with Ernie Thrasher and Chris Cline’s Xcoal Resources, has progressed to the second round of bidding. Another reported player in the mix is BHP Billiton, the sources said, along with other American, Indian and Japanese bidders.

“There are lots of interested parties…everybody in the world looked at these assets,” one source told the news service.

Debt-ridden Anglo, which has not released public comment on the sale, is in the midst of an asset divestiture that is projected to total $3 billion to $4 billion.