LONDON, Dec 23, 2010 (Dow Jones Commodities News via Comtex) —

Anglo American PLC (AAL.LN), the London and Johannesburg listed mining firm, said Thursday it has completed the sale of its interests in five undeveloped coal assets in Australia to a consortium composed of Korea Electric Power Corporation (015760.SE), POSCO (

PKX |
PowerRating) and Cockatoo Coal Ltd. (COK.AU) for US$577 million in cash.

MAIN FACTS:

-Anglo American announced the sale of the five predominantly thermal coal assets on July 5.

-Shares at 0800 GMT up 4.5 pence, or 0.1%, at 3314.5 pence valuing the company at GBP3.31 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

(END) Dow Jones Newswires

12-23-10 0306ET

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