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Anglo American’s coal sale turns into two-horse race; Mubadala lurks

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The underdog in Anglo American’s $US3 billion ($4.6 billion) Queensland coal auction has pulled to the front of the pack, as the London-listed miner races against the clock to lock in a preferred bidder.

Anglo American CEO Duncan Wanblad. Bloomberg

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/anglo-american-s-coal-sale-turns-into-two-horse-race-mubadala-lurks-20241120-p5ks82