Sale of Foxleigh completed

ANGLO American said yesterday that it had completed the sale of its 70 percent interest in the Foxleigh metallurgical coal mine in Queensland. The company said it had entered into a sale and purchase agreement with a consortium led by Taurus Fund management, following the announcement of the sale and purchase agreement on April 4. Foxleigh is an open cut coal operation, which produces high quality pulverised coal injection, and it is located in Queensland’s Bowen Basin. The company also said its attributable share of Foxleigh’s saleable production was 1.86 million tons last year. Anglo American shares dropped 0.24 percent yesterday to close at R158.88 on the JSE. – Manyane Manyane