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.
Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.
The FTSE-100 giant, which wants to focus on diamonds, platinum and copper, is looking at packaging up its “non-core” thermal coal and iron ore assets in South Africa as it moves into the second stage of a sweeping restructuring.
