The global mining major, Anglo American, has completed the sale of its 83.33 % stake in the mothballed Dartbrook coal mine, situated at the Hunter Valley in New South Wales of Australia, to Australian Pacific Coal Limited.
The sale followed the sale and purchase agreement between the two companies in Dec’15, when Anglo American agreed the deal at Australian $50 million. According to Anglo American, the sale was intended to restructure its portfolio.
The Dartbrook coal mine is an underground mine, which is under care and maintenance since 2006.
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