Anglo American sells coal assets to Peabody for $3.8bn
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Coal could be a driver of growth for Brazilian mining giant Vale (VALE.N: Quote)(VALE5.SA: Quote) as it increases production of the key steel ingredient by as much as 35 million metric tonnes over the next ten years, Citigroup analysts said in a report
