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Mark Cutifani, Chief Executive of Anglo American, said: We are pleased to have completed the sale of our Eskom-tied domestic thermal coal operations in South Africa to Seriti.
Anglo American said the agreement to sell the Drayton thermal coal mine marks further progress in focusing its global portfolio around its largest and most competitive assets.
Its catalysts include metals produced by Anglo American Platinum.
The investment is part of an ongoing Anglo American Platinum program to provide early-stage and growth capital to companies that can demonstrate the commercial viability of their products or of a technology that in turn consumes or enables the consumption of platinum group metals.
BNY Mellon, (NYSE: BK) a company involved in investment management and investment services, has been appointed by Anglo American plc as depositary bank for its sponsored American depositary receipt (ADR) programme, replacing a previously unsponsored facility.
Anglo American contributed N$358,000 of the N$1,6 million cost of the project, with the Luderitz Town Council contributing the rest.
Anglo American Platinum has previously reported that it was willing to consider bringing the wage negotiations forward to help facilitate the return of its employees to work.
AA Sur is a copper mining and smelting company, controlled by Anglo American and holds a significant portfolio of copper assets in Chile, including the Los Bronces mine, the El Soldado mine, the Chagres smelter and large-scale prospective exploration properties.
As well as rough diamonds, Anglo American is active in the exploration, mining, processing and supply of various natural resources, such as platinum group metals, copper, iron ore, metallurgical coal, nickel and thermal coal.
Cynthia Carroll, Chief Executive of Anglo American, said, "The terms of the transaction completed with Mitsubishi highlight the inherent value of AAS as a world class, tier one copper business with extensive reserves and resources and significant further growth options from its exploration discoveries, valuing 100 per cent of AAS at $22 billion.
2m, to deliver a solution to UK mining company Anglo American plc (LON: AAL) (JNB:AGL).
1928 Anglo American enters into copper mining in Zambia and begins an involvement in platinum mining in South Africa.
Mining group Anglo American plc is to outsource its global voice services, data centre operations and end-user workplace environment to the BT HP Alliance.
THE proposed sale of Tarmac, one of the Midlands' most famous industrial names, has been called off by owners Anglo American.
Cynthia Carroll, 49, will join the board of Anglo American in January and succeed Tony Trahar as chief executive on March 1.