India, Jan. 29 -- Miner Anglo American Plc (AAUKY.PK,AAL.L) announced Wednesday that it has completed the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd., a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin Pty Ltd.
Under the deal terms, Anglo American has received A$1.4 billion in addition to the A$228 million already received. The total cash proceeds were A$1.6 billion or around $1.0 billion.
The sale agreement was announced in early November last year, and the completion of the deal was originally expected in the second quarter of 2025.
Zashvin was an existing 33.33% shareholder in Jellinbah, alongside Anglo American and Marubeni. Anglo America...