The Mining and Energy Union (MEU) of Australia says that maintaining jobs, conditions, and safety standards are the top priorities following Anglo American’s (LSE:AAL) previously reported divestment of its Queensland steelmaking coal portfolio.
On 18 May, the global miner agreed to sell its portfolio of coal mines to privately held Dhilmar for up to US$3.875 billion ($5.42 billion). The deal is expected to be completed in Q1 2027.
The portfolio includes the Grosvenor and Moranbah North underground coal mines, which have not fully operated since dual incidents in 2024.
MEU has been working constructively with Anglo American and Resources Safety and Health Queensland to ensure the safe reopening of these mines.
MEU Queensland District President Mitch Hughes says the sale of the portfolio is considered “good news” that reflects the ongoing value of the coal mining industry.
“We understand there is always uncertainty for workers during a transition of business,” Hughes says.
“However, we will continue working closely with members throughout this process, ensuring workers’ conditions, entitlements, and safety standards remain a priority.”
Queensland’s coal sector
Queensland is home to some of the largest coal reserves in the world. The state is Australia’s largest coal producer, with more than 224 million tonnes of coal produced across 59 active mines in the 12 months to May 2025. Of this, 61% was metallurgical coal and 39% was thermal coal.
Metallurgical coal, which is Anglo American’s coal portfolio, is essential for steel production. It is a key input in blast furnaces and essential to construction, infrastructure, and manufacturing.
Meanwhile, thermal coal is used to generate electricity and provide heat.
Write to Aaliyah Rogan at Mining.com.au
Images: Anglo American
