- The Crisafulli Government has welcomed the up to $5.4 billion sale of Anglo American's Queensland coal assets to UK-based Dhilmar Limited.
- The sale of Anglo American's metallurgical coal mines reflects ongoing demand for Queensland's world-class coal assets and highly skilled workforce, and is a vote of confidence in the resource sector under the Crisafulli Government.
- The Crisafulli Government is delivering a better lifestyle through a stronger economy by attracting more resource investment with a stable operating and regulatory environment after Labor's anti-mining policies caused stalling investment in regional Queensland.
The Crisafulli Government has welcomed the multi billion-dollar investment into Queensland's coal assets with the sale of Anglo American's Queensland metallurgical coal portfolio to UK-based privately held mining company Dhilmar Limited.
The sale of Anglo American's five Queensland-based steelmaking coal mines reaffirms the global investment community's interest in the State's world-class coal assets and is a vote of confidence for the stable operating environment, delivered under the Crisafulli Government.
Dhilmar will acquire stakes in Anglo American's Grosvenor, Moranbah North, Capcoal, Aquila and Dawson mines.
The sale follows Argo Queensland's recent investment into Broadlea, Carborough Downs and Ironbark mines, and Yancoal Australia's multi-billion investment in Kestrel Coal Mine, with both securing thousands of Queensland jobs.
Minister for Natural Resources and Mines Dale Last said the sale of Anglo American's coal assets was a vote of confidence in Queensland's resources sector.
"The Crisafulli Government is restoring investor confidence through a stable and predictable operating environment - exactly as we promised - and the sheer interest from global investors in these assets is reflective of that," Minister Last said.
"I have said time and time again – there is strong global interest in Queensland's world-class metallurgical and thermal coal assets, and the sale of Anglo's coal portfolio brings welcomed investment in our resource rich State.
"We hit the ground running to streamline approvals, welcome investors back to the sector and deliver the clear message that we are open for business and we'll back companies that want to do business here.
"The former Labor Government's anti-mining agenda drove investment out of Queensland and risked thousands of Queensland jobs.
"Queensland's Bowen Basin is home to some of the world's best coal backed by a highly skilled workforce, leading environmental approvals and a government that delivers on its word."
Anglo American's Queensland coal assets have garnered fierce global competition, reflecting the quality of the assets and the keenness for international investors to grow their portfolio in Queensland.
The sale is subject to approval by the Foreign Investment Review Board, under the Federal Government.
