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Aboutusgeneric_2 Michael and Mark Brown Show attraction owners Greg Byrne, Downing; Ian Reed, QNP Mac and Gayle Shann from Cantaur Park with their Stephen Burnett Memorial Trophy for the most successful Beef, Carcass and Commercial Cattle Exhibitor at the Clermont Show Construction mine csg (L-R) Steve and Lizzie Burnett with Alan Guilfoyle for winning the Clermont Cattlemans Challenge Cattle King Title for 2017 Ted Murphy with his $4000 Rib Fillet all proceeds went to charity. The Cattle Committee raised $30,000 for the RFDS Luca Shirley hugging goat at the petting zoo Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Zander, Megan, Mac, Jonty and Wylie Philp Side show alley mining Reid Efremoff
Aboutusgeneric_2 Michael and Mark Brown Show attraction owners Greg Byrne, Downing; Ian Reed, QNP Mac and Gayle Shann from Cantaur Park with their Stephen Burnett Memorial Trophy for the most successful Beef, Carcass and Commercial Cattle Exhibitor at the Clermont Show Construction mine csg (L-R) Steve and Lizzie Burnett with Alan Guilfoyle for winning the Clermont Cattlemans Challenge Cattle King Title for 2017 Ted Murphy with his $4000 Rib Fillet all proceeds went to charity. The Cattle Committee raised $30,000 for the RFDS Luca Shirley hugging goat at the petting zoo Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Zander, Megan, Mac, Jonty and Wylie Philp Side show alley

Miner considers selling the lot
CQ MINER not ruling out the sale of its top shelf mines.
Wednesday 28 January 2015  

ANGLO American is not ruling out adding Foxleigh and Dawson to the list of coal mines up for sale in Queensland.

In December last year the company announced that its Callide mine near Biloela and its Dartbrook mine in New South Wales were both on the market, and that they were reviewing their current coal portfolio in Queensland.

Not surprisingly the review is in response to the poor profitability of many Australian coal mines in the face of low prices and an over supplied market.

In September last year, Anglo’s CEO Mark Cutifani said they were also open to the idea of selling the whole business, if the right deal was found.

"My job is to create value, however that may be shown," he said at the time.

"Our job is to do a good job with the business, and at the end of the day, if somebody sees value, then there's a conversation to be had.

"I'm not anti. I'm very open. I'm not scared by it, but that's not what we're setting this business up for."

Anglo have flagged a reduction in capital spending this year by as much as $1 billion, while at the same time improving productivity on existing operations by 80 per cent.

Mr Cutifani famously said last year that he expects a mine somewhere in the world to shut down every two to three weeks until supply is more in line with demand.


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