Are you a Business Owner?
Set up your Private Seller Account and create your listing today
Get Started HereCoal mines in South Africa play an important role in the country’s economy, with 77% of all primary energy needs being provided for by coal. South Africa also exports nearly one-quarter of all coal, while coal mines in South Africa, and their direct supporting industries, employ roughly 55 000 people. According to Eskom, coal mines in South Africa produce 224 million tonnes per year. South Africa is the world’s seventh-largest coal producer.
About this opportunity:
✔ Good thermal coal of Eskom type grade with potential for a higher grade
✔ Mine not operating, but has opened two pits for purposes of extracting samples
✔ Untenable shareholder relations has forced the major shareholder to consider exit or alternatively seek a partner that will buy out all other shareholders.
✔ There is a prospective contract from Sasol, albeit being through the third party off-takers initially.
✔ An outright purchase price consideration of ZAR130 million may be the basis for a transaction.
✔ Substantial value is expected to be extracted from future phases of the mining project when the resource exploration focuses on selected quality sweet spots
✔ Valid trading and mining licenses
An investment of R130 mil will result in a full buy-out. Alternatively, the inactive shareholder can be bought out at R100 mil.
For more information about this opportunity, please contact us now!