MinterEllison advises Anglo American on A$1.6 billion sale

1 minute read  08.11.2024 Simon Scott, Jordan Phillips, Alex Other-Gee

MinterEllison advised Anglo American on the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd (Jellinbah) steelmaking joint venture for A$1.6 billion.

Anglo American is a long-standing client of MinterEllison. We have acted for Anglo American and the previous owner of its Australian business, Shell, since the 1990s.

With Latham & Watkins, MinterEllison has advised Anglo American on the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd to Zashvin for A$1.6 billion (subject to customary regulatory approvals).

Jellinbah Group, an incorporated joint venture between Zashvin, Marubeni and Anglo American, owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia.

The transaction forms part of the Anglo American's broader announced sale of its Australian steelmaking coal business, which is ongoing. With Latham & Watkins, MinterEllison is assisting Anglo American with the divestment process.

The MinterEllison team for the Jellinbah disposal was led by Simon Scott and Jordan Phillips, with assistance from Alex Other-Gee, Joshua Waters, Josephine Vidler, Oliver Waddingham and Hanley Milford.

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https://www.minterellison.com/articles/minterellison-advises-anglo-american-on-a-sale