The National Union of Mineworkers (NUM) welcomes the announcement made by Anglo American plc's sale of its Eskomtied domestic thermal coal operations in South Africa for billion to a wholly owned subsidiary of Seriti Resources a company majority owned .
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Approximately, 50% of the coal was sold to utility companies in Europe and approximately 30% was sold in Asia. · On the South African domestic market, the Group's sales amounted to Mt in 2007, primarily destined for the industrial and metallurgic sectors. At the same time, Total Coal South Africa (TCSA) is developing new mines.
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