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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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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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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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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.

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