The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 18, Anglo American agreed to sell its Australian steelmaking coal business to Dhilmar Ltd for up to $3.875 billion. The deal includes a $2.3 billion upfront cash payment and a price-linked earnout worth up to $1.575 billion over five years. This sale is part of the company's plan to simplify its portfolio ahead of its planned merger with Canada's Teck.