Anglo American plc has formed a new South African coal group, Anglo Inyosi Coal, worth R7bn and 27% held by black investors, the mining group said on Thursday.
Anglo said the new company will incorporate selected key coal projects in South Africa and the Kriel colliery and will have a 4.1 billion tonnes coal resource base with an estimated annual production of 48.5 million tonnes.
Read more at FIN24.co.za
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