MinterEllison advises Anglo American on US$3.875 billion sale of Australian steelmaking coal business

1 minute read  26.05.2026

MinterEllison has advised longstanding client Anglo American plc on its agreement to sell its Australian steelmaking coal portfolio to UK-registered mining company Dhilmar Limited for a cash consideration of up to US$3.875 billion.

The consideration comprises upfront cash proceeds of US$2.3 billion payable at completion and a price-linked earn-out of up to US$1.575 billion.

This transaction continues Anglo American’s steelmaking coal divestment process on which MinterEllison is advising, including the sale of Anglo American’s 33.3% minority stake in Jellinbah Group Pty Ltd for approximately US$1.0 billion. 

MinterEllison teamed with Latham & Watkins in delivering this work.  

The MinterEllison team was led by Jordan Phillips (Partner, Energy, Resources & Projects) and Simon Scott (Partner, Energy, Resources & Projects) with Josephine Vidler (Senior Associate), Tia Shadford (Associate) and Harvey Nihill (Lawyer), together with other specialists from across the firm, including, in particular, Tim Lynch (Partner, Tax) and Charlie Richardson (Associate, Tax).  


Related lawyers

For media enquiries, please contact:

Charlotte Juhasz
Director, Corporate Communications & Media
M +61 408 837 975

Tags

eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuYW1laWQiOiI3ZmUyMTg3ZS0xZjhkLTQ4Y2QtOWJmMC02MGYxNjYxZGJlNWYiLCJyb2xlIjoiQXBpVXNlciIsIm5iZiI6MTc4MTYxMTI1MywiZXhwIjoxNzgxNjEyNDUzLCJpYXQiOjE3ODE2MTEyNTMsImlzcyI6Imh0dHBzOi8vd3d3Lm1pbnRlcmVsbGlzb24uY29tL2FydGljbGVzL21lLWFkdmlzZXMtYW5nbG8tYW1lcmljYW4tb24tc2FsZS1vZi1hdXN0cmFsaWFuLXN0ZWVsbWFraW5nLWNvYWwtYnVzaW5lc3MiLCJhdWQiOiJodHRwczovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9tZS1hZHZpc2VzLWFuZ2xvLWFtZXJpY2FuLW9uLXNhbGUtb2YtYXVzdHJhbGlhbi1zdGVlbG1ha2luZy1jb2FsLWJ1c2luZXNzIn0.isWGilezm_nAZaVOxBoHcYMIVFFpp3VdfFYRW9ZdlOI
https://www.minterellison.com/articles/me-advises-anglo-american-on-sale-of-australian-steelmaking-coal-business