Anglo American completes sale of the Foxleigh mine
Anglo American plc (“Anglo American”) announces that it has completed the sale of its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia to a consortium led by Taurus Fund Management, following the announcement of the sale and purchase agreement on 4 April this year.
Foxleigh is an open cut coal operation which produces high quality pulverised coal injection (PCI) coal, located in Queensland’s Bowen Basin, 12 kilometres southwest of Middlemount. Anglo American’s attributable share of Foxleigh’s saleable production was 1.86 million tonnes in 2015.
The terms of the transaction remain confidential.