G lobal mining company Anglo American has reached an agreement to sell its 33.3% stake in Jellinbah Group – a joint venture (JV) that holds a 70% ownership in the Jellinbah East and Lake Vermont ...

The London-listed diversified miner said Monday that it agreed to sell its 33.3% stake in Jellinbah Group, a joint venture that owns 70% interest in the Jellinbah East and Lake Vermont coal mines ...

The Jellinbah Group operates two key steelmaking coal mines – Jellinbah East and Lake Vermont. While Anglo American was a shareholder, it did not operate or market production from these assets.

Anglo American has agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.1 ...

Jellinbah Group is a joint venture (JV) that holds a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia. Zashvin was already a 33.33% shareholder in the JV ...

Australian miner Thiess, which is 60% owned by Cimic, has won a three-year, US$1.5bn (A$2.3bn) contract extension to expand ...

Anglo had already offloaded a minority stake in a joint venture that owns the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for $1.1 billion. SPINNING OUT UNDERPERFORMING ASSETS ...

Anglo agrees to sell its Jellinbah stake for A$1.6 billion; ... ($1.05 billion) stake in one of its Australian coal mines, boosting the company’s efforts to execute its turnaround strategy.

Anglo had already offloaded a minority stake in a joint venture that owns the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for $1.1 billion. SPINNING OUT UNDERPERFORMING ASSETS ...

The coal mine, which literally has ... According to a decarbonisation plan presented by the Jellinbah group in October 2023, emissions could skyrocket as a result of these new mines, ...

The Jellinbah Mine coal deposit is approximately 30km in length. The Lake Vermont Mining lease contains resources of more than 200 million tons of in-situ coal, all suitable for mining by opencut ...