Anglo American Plc is advancing the sale of its Australian steelmaking coal business with at least three potential buyers now in the mix, according to people familiar with the matter. The mining giant abandoned a planned sale to Peabody Energy Corp. last year after a fire at one of the mines complicated the transaction.

The mine fire created regulatory and commercial obstacles that made completing the Peabody deal impractical, forcing Anglo to restart the sales process from scratch. The company has since attracted interest from multiple bidders for the coking coal assets, which remain profitable despite broader pressures on thermal coal.

The sale is part of Anglo's broader strategy to streamline its portfolio and focus on copper and other metals critical to the energy transition. Australian steelmaking coal assets remain attractive to buyers given their long-term contracts with Asian steelmakers.