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Anglo American coal bidders said in talks for acquisition loans

Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing, people with knowledge of the matter said.

Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP Billiton, which bid through its coal joint venture with Mitsubishi, the people said, asking not to be identified as the information is private.