Anglo American's steelmaking coal portfolio consists mainly of an 88% interest in the Moranbah North and Grosvenor joint ventures. The business has been sold to Dhilmar for up to $3.88bn cash.
Anglo American’s share price shot up 5.2% Thursday after the release of a second quarter report showing strong copper and iron ore production performances that were tracking to plan.
"In copper, Collahuasi and Quellaveco increased production, while the restart of the second plant at Los Bronces continues to provide incremental profitable production,” said CEO Duncan Wanblad.
“In premium iron ore, Kumba and Minas-Rio maintained stable operational performances.”
He said they were beginning to see some inflationary pressures primarily through higher fuel and other mining consumables, as the conflict in the Middle East continues to cause global market volatility. On the JSE, the share price traded at R814,18 midday Thursday,
