The sale by Anglo American of its Eskom-tied coal mines to the black-owned Seriti start-up is edging forward positively, new Anglo American new financial director Stephen Pearce said on Thursday. Anglo has signed a binding sale and purchase agreement with Seriti in a transaction that has been more than two years in the making. The coal operations involved Anglo’s Eskom-tied New Vaal, New Denmark and Kriel mines, plus four closed collieries with reopening potential.
