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Announced

Thungela Resources to acquire a majority stake in Ensham coal mine for $189m.

Financials

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Transaction Value£153m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

mining

Cross Border

Majority

Single Bidder

Australia

coal mines

General Mining

Pending

Private

Friendly

Synopsis

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Thungela Resources, a pure-play producer and exporter of high quality, low-cost thermal coal in South Africa, agreed to acquire a majority stake in Ensham coal mine, an Australian mine, for $189m. Thungela said a long-term incentive plan will also be put in place under which the shareholding could increase by a further 5% if certain milestones are achieved.

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