Anglo To Sell 12% Of Australian Coal Mine To Japanese Partners

Mining group Anglo American is selling a 12% stake in its coking coal operations at Grosvenor in Queensland, Australia, to a group of Japanese partners for around $141 million in cash, it said on Wednesday.

The partners are Japan's biggest steelmaker Nippon Steel Corporation, Mitsui & Co, Nippon Steel Trading Corporation, Shinsho Corporation and JFE Mineral Co.

Pressure is mounting on miners to divest coal assets because of their carbon emissions.

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