Anglo American Sells Peace River Coal Operations to Conuma Resources

February 11, 2025 – Anglo American has announced the completion of the sale of its Peace River Coal operations to Conuma Resources, marking a strategic shift in the global mining company’s portfolio.

This divestment is part of Anglo American’s broader strategy to optimize its asset base and focus on core operations. The transaction includes all associated infrastructure and mining rights, transferring full control to Conuma Resources, a Canada-based metallurgical coal producer.

Duncan Wanblad, CEO of Anglo American, stated, “The sale of Peace River Coal aligns with our strategy to streamline operations and enhance long-term value for our stakeholders. We are confident that Conuma Resources will continue developing the asset responsibly.”

While the financial terms of the deal were not disclosed, analysts suggest it aligns with recent industry trends, where global miners are restructuring portfolios to improve efficiency. Conuma Resources, which already operates multiple mines in British Columbia, sees this acquisition as a strategic move to expand its production capacity and supply key steelmaking markets.

With this sale, Anglo American further distances itself from non-core coal operations, reinforcing its commitment to sustainable and high-value assets.