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.
According to the Clean Coal Centre, the world’s use of coal for energy is expected to increase over the next 20 years. The demand for coal is increasing at a much faster pace than the demand for oil, gas and other energy sources….more at Mining Weekly
