Miner Anglo American said on Monday it would sell its Eskom-tied domestic thermal coal operations in South Africa to a unit of Seriti Resources Holdings for 2.3 billion rand (166.43 million USD).
The thermal coal operations that mainly supply coal to Eskom consist of the New Vaal, New Denmark and Kriel collieries, as well as four closed collieries , Anglo American said.
By: Reuters.
Reporting: Rahul B in Bengaluru.
Editing: Louise Heavens.
Photo: eNCA.
Review: Emerging Market Formulations & Research Unit, Flagship Records.