Apollo near deal for Anglo American's Aussie coal mines - Bloomberg

• Apollo Global (NYSE:APO) has teamed up with Xcoal Energy & Resources to beat out the likes of BHP Billiton for Anglo American's (OTCQX:AAUKF, OTCPK:AAUKY) Australian metallurgical coal assets, according to Bloomberg.
• The deal value could ultimately top $1.5B, and include a contingent value right which may include more money for Anglo if the price of coking coal rises in the future.
• Anglo, meanwhile is lower by 4.7% today as the mining sector as a whole takes a hit from weak Chinese export data.