Deals
BHP, Glencore Said to Bid for Anglo’s Australian Coal Mines
- Warburg’s Anemka Resources is also said to have bid for assets
- Moranbah, Grosvenor coal assets may fetch about $1.5 billion
BHP, Glencore May Buy Anglo's Australian Coal Assets
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BHP Billiton Ltd. and Glencore Plc are among final bidders for Anglo American Plc’s Australian metallurgical coal assets that may fetch about $1.5 billion, people with knowledge of the matter said.
Anemka Resources, the mining investor backed by Warburg Pincus, has also made a bid, two of the people said, asking not to be identified as the information is private. China’s Yanzhou Coal Mining Co. and a pairing of Apollo Global Management LLC and Xcoal Energy & Resources LLC, submitted final bids for the Moranbah and Grosvenor mines by a June 6 deadline, as well, the people said.