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Anglo American to sell 12% stake in Australia mine for about $141 million

FILE PHOTO: The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019 Picture Taken March 14, 2019. REUTERS/Rodrigo Garrido

(Reuters) - Miner Anglo American Plc AAL.L said on Wednesday it plans to sell a minority stake of 12% in its Grosvenor coking coal mine in Australia for about $141 million to a consortium of Japanese companies.

The consortium — which includes Nippon Steel Corp 5401.T, Mitsui & Co Ltd 8031.T, Nippon Steel Trading Corp 9810.T, Shinsho Corp 8075.T, JFE Mineral Co Ltd — also owns a 12% stake in Anglo's Moranbah North mine that provides the coal processing infrastructure for Grosvenor.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak Dasgupta

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