# Anglo American to sell steelmaking coal business to Dhilmar for up to $3.9bn

Anglo American agreed to sell its Australian steelmaking coal business to Dhilmar Limited for up to US$3.875 billion in cash, including an upfront payment of US$2.3 billion and a price-linked earnout of up to US$1.575 billion. The transaction is expected to close in Q1 2027.

- Type: Acquisition
- Announced: 2026-05-20
- Where: Australia, Australia
- Value: $3.88B
- Status: announced
- Products: steelmaking coal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Anglo American](https://endata.com/companies/15317.md)
- [Dhilmar Limited](https://endata.com/companies/92043.md) (acquirer)

## Sources

- [miningreview.com](https://www.miningreview.com/news/anglo-american-to-sell-steelmaking-coal-business-for-up-to-3-9bn/), 2026-05-20: "Our agreement for Dhilmar to acquire our steelmaking coal business in Australia is testament to the high quality of these assets and our people."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.