Anglo American has agreed to sell its Australian steelmaking coal assets to Dhilmar Limited for up to $3.875 billion, completing its full exit from coal ahead of its merger with Teck Resources.

Under the deal, Indonesian billionaire Alexander Ramlie's UK-based Dhilmar will pay $2.3 billion in cash upon the completion of the transaction in the first quarter of 2027 and an…

Anglo American says it has sold its five steelmaking coal mines in central Queensland to a UK mining company Dhilmar Ltd for up to $5.43 billion.

Deal marks major step in merger plans after previous sale was derailed last year