May 18, 2026 – 6.12pmAnglo American has agreed to sell its Queensland coking coal mines for up to $5.4 billion to a private company with links to ASX-listed mining services giant Macmahon Holdings, at a time when prices for the steel making ingredient are running hot.Anglo announced on Monday that British registered company Dhilmar Limited would pay $US2.3 billion ($3.2 billion) upfront for its coal division, which includes stakes in Queensland’s Grosvenor, Moranbah North, Dawson, Aquila and Capcoal mines.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles