ST. LOUIS, Mo., Jan. 20.--While well diggers were engaged yesterday in sinking a well at Clayton, seven miles west of this city, they struck a rich vein of coal at the depth of 53 feet.

Anglo American said Monday it has agreed to sell its steelmaking coal business to Missouri coal miner Peabody Energy for $3.78 billion in cash as part of a wider push to streamline its business.