Anglo American has decided to sell its last existing steelmaking coal mines in Australia to Peabody Energy for up to $3.78 billion.

This deal marks the first major disposal in Anglo American's wider restructuring plan, which saw the London-listed miner divesting or closing its multiple steelmaking assets.

The company pivoted to restructuring, primarily to refocus on copper -- an essential resource amid rising global demand for sustainable energy solutions -- after fending off a BHP takeover offer worth $49 billion, Reuters reported.

The mass liquidation of its assets........

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