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Sgt Rob Smith and Constable Paul Muller The Hamilton family dragline (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe The Smythe boys (L-R) Neve Flint, Brooke Roberts Holly Hill and Isabelle Elms Melanie and Chevy Ohl Aboutusgeneric_1 (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a. (L-R) Fern, Simon, Phoenix Morgan and River Levi Sgt Rob Smith and Constable Paul Muller Construction Steve Beale and Chris Dunphy, MIPEC Mitchell Brown and friends (L-R) Charlie Swaffield and Friend, Jayden and Eathan Little and Rylee Flint
Sgt Rob Smith and Constable Paul Muller The Hamilton family dragline (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe The Smythe boys (L-R) Neve Flint, Brooke Roberts Holly Hill and Isabelle Elms Melanie and Chevy Ohl Aboutusgeneric_1 (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a. (L-R) Fern, Simon, Phoenix Morgan and River Levi Sgt Rob Smith and Constable Paul Muller Construction Steve Beale and Chris Dunphy, MIPEC

Miner considers selling the lot
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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