Street Talk

Eyes on Anglo American’s Moranbah mine after $1.6b Jellinbah sale

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 6, 2024 – 5.00am

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On Monday, LSE-listed Anglo American raised eyebrows when it announced sale of its share of the Jellinbah and Lake Vermont mines for $1.6 billion amid a whole-of-portfolio auction. Now, there are questions if the up-for-grabs Queensland coal portfolio could shrink further ahead of binding bids next week.

Anglo American CEO Duncan Wanblad. Bloomberg

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.