Anglo American sells rest of Hulamin stake

LONDON, July 27 (Reuters) - Mining group Anglo American Plc sold its remaining stake in South Africa's Hulamin Ltd , bringing the transaction to a total of 1.16 billion rand ($149.4 million), it said on Monday. Anglo sold its residual 35.8 million shares in the aluminium products company to South African institutions at a price of 12 rand per share. Last week Anglo said it had sold 61 million shares to Coronation Asset Management at the same price. "The disposal of the balance of its shareholding in Hulamin ... (is) in line with Anglo American's strategic commitment to focus on its core mining operations," it said. Hulamin posted a sharp drop in interim profit last week and said that although order intake was recovering, annual earnings would fall by at least 20 percent. Anglo, the world's fourth biggest diversified mining group by market value, is due to post interim results on July 31. Shares in Anglo closed 1.60 percent weaker in Johannesburg at 300.99 rand, compared with a roughly flat JSE Top-40 blue-chip index, while Hulamin surged 7.2 percent to 13.99 rand per share.