Tuesday, March 2, 2010

ANGLO America (LON:AAL) Selling Coal Projects

ANGLO America Coal Mines

ANGLO America (LON:AAL) has started the process of selling five coal exploration projects based in Australia, saying the coal mines don't fit in with their future plans in the near future.

ANGLO American needs something to jumpstart them now, and even though the coal mines based in New South Wales and Queensland had long term potential, the company is focusing on short term projects to grow now.

Handling the deal for Anglo America is Goldman Sachs (NYSE:GS).

ANGLO America Coal Mines

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