Coal Mine With Prospective Sasol Contract for sale

South Africa is known for its rich resources of coal. In fact, more than 70 percent of the energy necessities are satisfied by coal and 25 percent of this rock is exported. At the same time, this sector provides jobs for approximately 50 000 people. As reported by Eskom, South African electricity public utility, the country’s mines manufacture over 220 mln of coal each year.

Overview of this business for sale

• The company is licensed and produces thermal coal of Eskom type grade.
• The coal mine for sale is currently nonfunctioning but has 2 pits for purposes of extracting samples.
• Substantial value is expected in the next project phases when the exploration of resources concentrates on chose quality rich spots.
• An investment of R130 million will result in a full buy-out. As another option, the inactive shareholder can be bought out at R100 million.
• The coal mine is put for selling because of untenable shareholder relations.

For more details about this opportunity, please contact us.