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South African Mining Company Accepted $92 million Bid for Coal Mine Stake in Siyanda Coal
Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer.
South Afrcia Coal-Mine Port Exported Increase
Growing SA’s ability to export coal has become increasingly important as international coal prices have soared this year and the government has identified the sector as offering opportunities for new black empowerment companies. SA is the biggest supplier of coal to European power plants.
RBCT is the world’s biggest single coal export terminal. Although the port [...]
