The first round of bids for Anglo American's $US4 billion coal mines in Australia has been submitted. This includes several major metallurgical coal assets, such as the Moranbah North and Grosvenor mines, which are part of Anglo’s plan to restructure its portfolio. Key players, including Yancoal, Glencore, and Indonesian-backed firms, are in the running to acquire these mines.
A potential wild card in the outcome is the new owners of Illawarra Coal (formerly part of South32), who might influence the bidding process or strategic decisions. The sale is expected to be highly competitive, with demand for steelmaking coal still strong across Asia
The first round of bids for Anglo American's $US4 billion coal...
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| Open | High | Low | Value | Volume |
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| 1 | 692 | $5.87 |
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|---|---|---|
| $5.89 | 1459 | 1 |
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