Seriti coal deal edging forward positively – Anglo

July 27, 2017

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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.

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