Anglo American has received bids for its New Largo project, in South Africa, as the company continues efforts to exit operations in the country that supply coal to local power plants, according to two people familiar with the process. Seriti Resources, which agreed last month to buy thermal coal mines from Anglo American for about R2.3-billion ($174-million), is among the bidders for New Largo, said the people, who asked not to be identified because the talks are private. MTN Group chairperson Phuthuma Nhleko’s Phembani Group also bid, as did Sipho Maseko and Jabu Mabuza, the CEO and chairperson of Telkom, the people said.
