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AAP
AAP
Fraser Barton

Mining giant set to sell Australian coal mines in reset

Anglo American Coal Australia Mining BHP Duncan Wanblad Queensland
Anglo American is to sell its five coal mines in Queensland's Bowen Basin. (HANDOUT/QR NATIONAL)

Anglo American will sell its Australian coal mines and use the funds to reset its balance sheet after knocking back a BHP takeover bid.

The 107-year-old company is set to break up its worldwide operations, selling its five Queensland steelmaking coal interests in the Bowen Basin "with urgency". 

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