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26 November 2012 - UK-based miner Anglo American Plc (LON:AAL) said on Monday it had concluded the ZAR3.4bn (USD383.1m/EUR295.3m) sale of steel producer Scaw South Africa (Pty) Ltd to an investment group led by the Industrial Development Corporation of South Africa (IDC).
The group that bought Scaw South Africa also includes Anglo Americana[euro](tm)s partners in the particular business, namely Izingwe Holdings (Pty) Ltd, Shanduka Resources (Pty) Ltd and the Southern Palace Group of Companies (Pty) Ltd.
According to the company, Scaw's Steel Wire Rope division developed a COBOL-based, in-house application, Legacy, to manage its manufacturing operations in South Africa.
Anglo American PLC (Anglo American) (LSE: AAL), one of the world's largest diversified mining and natural resource groups, has put its USD1bn assets of Scaw Metals up for sale, The Independent has reported citing a bank source.
The Scaw Metals Group (Scaw) is an international group manufacturing a diverse range of steel products.
The charity work with Sleeping Children Around the World (SCAW) to organise donations for deprived kids.
Anglo also said on Thursday it would divest more assets including Scaw Metals and its zinc operations.
The project was taken up by TSIL in association with two other private players - Scaw Industries of Dhenkanal, and SPS Sponge Iron of Sundergarh.
Iscor's steel products were also supplied to the mining industry, however, again there were Anglo-American companies in the form of Highveld Steel & Vanadium and Scaw Metals supplying basic long and flat steel products aimed at mining applications.
(AMIC) and by the Company's entry to the steel industry through the acquisition of Scaw Metals and the development of the innovative Highveld Process for producing steel.
The partnership will cover the 'Mega BRIDGE' EDI package and the 'SCAW' ERP package, enabling seamless data transmission, and hopes to overcome the twin obstacles of cost and time needed to introduce the software package.
is an affiliate of Scaw International, a South Africa-based steel company.
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