Deals
Anglo’s New Largo Project Considered in Coal-Mine Sale Package
- Anglo considering a number of divestment options for assets
- New Largo may provide 570 million tons of coal to Eskom plant
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Anglo American Plc may sell its New Largo project in a package with three other coal mines that supply South Africa’s power utility, as the company moves forward with plans to scale down operations.
State-owned Eskom Holdings SOC Ltd. is discussing with Anglo the sale of the New Vaal, Kriel and New Denmark mines that provide fuel to the utility, according to acting Chief Executive Officer Matshela Koko. Eskom helped fund the development of some of Anglo’s mines, has interests in them and is in talks with the miner over the disposal of the assets.