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Apr 10, 2017· Anglo American Plc agreed to sell a group of South African coal mines to black-controlled Seriti Resources Holdings Ltd. for about 2.3 billion rand ($166 million) as it focuses on other commodities.
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Apr 26, 2016· Anglo American Plc’s sale of its South African coal mines will probably run into next year as bidders struggle with attempts by state power utility Eskom Holdings SOC Ltd. to transform its relationship with coal suppliers, according to two people with knowledge of the matter.
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Lying in the Highveld coalfield, east of Johannesburg, the mine was opened in 1980 to produce coal for Sasol’s Secunda synthesis plant, and since 1995 has been a three-shaft complex producing low-ash steam coal for the export market as well as a middlings product for Sasol feed.
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New Largo is located in South Africa and its principal asset is the approximately 585Mt Coal Resource, with the related Mining Right, that is well-positioned to supply Eskom's new Kusile Power Station.
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Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa (the “Operations”) to Seriti (the “Transaction”). The consideration payable for the Operations as at 1 January 2017 is ZAR2.3 billion (approximately US$164 million).
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COAL PROPERTY - EXECUTIVE SUMMARY Purpose : The purpose of this summary is to provide an outline of the salient features of the coal reserve for those who may wish to proceed to further detail after having read this summary.
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Anglo American concludes sale of three coal mines in South ...
Anglo American (LON:AAL) has completed the sale of three Eskom-tied thermal coal operations in South Africa to Seriti Resources, a group of black-controlled companies for R2.3 billion (about $164 million).
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Anglo American (LON:AAL) has officially left the coal sector in South Africa with the sale of its New Largo mine to a group of black-controlled companies.. Seriti Resources Pty Ltd., Coalzar Pty Ltd. and South Africa’s Industrial Development are paying Corp. are paying $71 million for the asset, Anglo said in the statement.
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Anglo American to Sell South African Coal Mines to …
Apr 10, 2017· Anglo American Plc agreed to sell a group of South African coal mines to black-controlled Seriti Resources Holdings Ltd. for about 2.3 billion rand ($166 million) as it focuses on other commodities.
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The mine includes opencast mining and 2 underground mining operations with an approximate annual output of 3,200 kilo tonnes per annum (“ktpa”). The coal being mined and processed is sold to Eskom through a medium- term supply contract.
DealMakers » African Mining Network
Mining project for sale in Sierra Leone AMHO Reserve Limited, a registered mining company in Sierra Leone, wishes to offer an opportunity to an investor for a viable and productive exploration and mining project in the Northern Province of the Republic of …
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