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Anglo’s De Beers subsidiary has sold to the Botswanan government its stake in Morupule, which produces 3.2 million tonnes of coal a year, after shutting its Mmamabula coalfields in Botswana earlier this year.
Attention will now be focused on Anglo’s plans to sell its giant Grosvenor and Moranbah North underground coal mines in Queensland’s Bowen Basin.
The two mines, once the flagship of the Anglo American coal presence in Australia, are expected to be sold together.
There has been reportedly strong interest from BHP Billiton Mitsubishi Alliance, Glencore, as well as private equity group Apollo.
The mines have been undergoing an exhaustive due diligence process and prospective buyers are believed to be in the negotiating phase over price for the assets.
