# Anglo American agrees sale of Jellinbah minority interest for A$1.6 billion

Anglo American agreed to sell its 33.3% minority interest in Jellinbah Group Pty Ltd, which owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin Pty Limited for A$1.6 billion (approximately US$1.1 billion). The sale is subject to regulatory approvals and expected to complete in Q2 2025.

- Type: Acquisition
- Announced: 2024-11-04
- Where: Queensland, Australia
- Value: $1.10B (1.60B AUD)
- 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)
- [Jellinbah Group](https://endata.com/companies/48499.md) (target)
- [Zashvin](https://endata.com/companies/81075.md) (acquirer)

## Sources

- [listcorp.com](https://www.listcorp.com/jse/agl/anglo-american-plc/news/anglo-american-agrees-sale-of-its-minority-interest-in-jellinbah-for-a-1-6-billion-3111229.html), 2024-11-04: "We are delighted to have agreed terms with our JV partner, Zashvin, for the sale of our minority interest in Jellinbah."

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