Anglo American completed the sale of Scaw South Africa (Pty) Ltd. and related companies for a total consideration of R3.4 billion ($385 million). The company originally announced its intention to sell the South African based integrated steel producer during April 2012 to an investment consortium led by the Industrial Development Corporation of South Africa and Anglo American’s partners in Scaw South Africa: Izingwe Holdings, Shanduka Resources and the Southern Palace Group of Companies.