Latham Advises Anglo American on Sale of Jellinbah Steelmaking Coal Interest for A$1.6 Billion

Latham & Watkins has advised Anglo American on the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd (Jellinbah), a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, to Zashvin Pty Limited (Zashvin) for cash proceeds of A$1.6 billion (approximately US$1.1 billion). Zashvin is an existing 33.3% shareholder in Jellinbah, alongside Anglo American and Marubeni. The transaction is part of Anglo’s ongoing sale of its steelmaking coal business in Australia. It is subject to customary regulatory approvals. 

The Latham team was led by London corporate partners Sam Newhouse, Emily Cridland and Ed Barnett, with associates Harry Redford and Emily Smith.