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.
SOUTH Korea’s five power companies are reportedly going to jointly launch coal contract talks with Chinese thermal coal producers to cut contracted volumes by up to 40%, reduce prices and chase more tonnage on the spot market…more at International Longwall News
