Deals
Anglo American Coal Bidders Said in Talks for Deal Financing
- Coronado Coal, AMCI seeking financing for Moranbah, Grosvenor
- Coking coal mines in Queensland may fetch up to $1.5 billion
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Bidders for Anglo American Plc’s Australian metallurgical coal assets, including Coronado Coal LLC and AMCI Capital LP, are in talks with banks for acquisition financing, people with knowledge of the matter said.
Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP Billiton Ltd., which bid through its coal joint venture with Mitsubishi Corp., the people said, asking not to be identified as the information is private. The assets in Queensland state may fetch as much as $1.5 billion, according to the people.