LONDON (dpa-AFX) - Anglo American plc (AAUKY.PK, AAL.L) announced the sale of its Eskom-tied domestic thermal coal operations in South Africa to a subsidiary of Seriti Resources Holdings Proprietary Limited. The Eskom-tied domestic thermal coal operations consist of the New Vaal, New Denmark and Kriel collieries, as well as four closed collieries. The consideration payable is approximately $164 million.
The consideration payable will be adjusted for cash flows generated by the Operations between 1 January 2017 and the date on which the transaction is completed in order to determine the final payment to be made by Seriti upon completion.
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