Anglo American (GB:AAL) has released an update.
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Anglo American has agreed to sell its 33.3% stake in the Jellinbah Group, which operates coal mines in Australia, to Zashvin Pty Limited for A$1.6 billion. This transaction is part of Anglo American’s strategy to simplify its portfolio, focusing on copper, premium iron ore, and crop nutrients. The sale is expected to be completed by the second quarter of 2025, pending regulatory approvals.
For further insights into GB:AAL stock, check out TipRanks’ Stock Analysis page.
