Anglo to sell Callide coal mine

[] — ANGLO American plans to divest its Callide coal mine in Australia to better focus on high-margin export operations, the group said on Monday.

Callide, located in central Queensland state, primarily supplies coal to domestic power stations, a statement said.

The mine produced 8.8 million tonnes of thermal coal in 2009 and has a resource base of more than 1 billion tonnes.

“The strategy for Anglo American’s Metallurgical Coal business, based in Australia, is to focus on growing its metallurgical coal and high margin export thermal coal businesses,” it said.