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Dec 24 (Reuters) - Global mining giant Anglo American Plc AAL.L said it would sell its majority interest in Dartbrook coal mine to Australian Pacific Coal Ltd AQC.AX in a deal worth up to A$50 million ($36.35 million).
The sale follows two weeks after Anglo American announced a major restructuring, saying it would offload three-fifths of its assets as it attempts to tackle sliding commodities prices. urn:newsml:reuters.com:*:nL8N13X15H
Anglo American, which owns an 83.3 percent stake in Dartbrook mine in New South Wales, Australia, said the deal would comprise of A$25 million in cash, with the rest being received in the form of royalty payments. urn:newsml:reuters.com:*:nRSX1668Ka
Dartbrook, one of four Australian coal mines the company plans to sell, has been on care and maintenance since 2006. urn:newsml:reuters.com:*:nL3N13Y2GB
Shares in Anglo American, which have fallen 73 percent so far this year, were up 1.3 percent at 327.55 pence at 1052 GMT on the London Stock Exchange. ($1 = 1.3757 Australian dollars)