Thungela to buy stake in Australian coal mine for R4.1bn
As a result of the acquisition Thungela will have operational control of Ensham coal mine
Coal miner Thungela Resources announced on Friday that it will expand its operations beyond SA’s shores by acquiring a controlling share in an Australian thermal coal mine.
Through a new company, Sungela Holdings, Thungela will acquire an 85% interest in the Ensham coal mine in Queensland at a purchase consideration of about R4.1bn...
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