MinterEllison and Latham & Watkins are advising mining giant Anglo American on its divestment strategy, aiding in the sale of its steelmaking coal business to Peabody Energy for a potential sum of $3.8 billion. This transaction marks a significant shift for Anglo American as it looks to restructure its operations and focus on areas beyond coal. Notably, Jones Day is serving as legal counsel to Peabody in the acquisition of four coal mines.
For more detailed insights into the transaction, you may refer to the original article here.