Thungela Resources, a producer and exporter of high quality, low-cost thermal coal in South Africa, Mayfair, a private resource company, and Audley, a Switzerland-based investment group, completed the acquisition of an 85% stake in Ensham coal mine in Australia from Idemitsu Kosan, a petroleum company, for $240m. "We are delighted to welcome our colleagues from Ensham into the Thungela family as they continue to build on a proud history of safe production in the Bowen Basin region of Queensland. We look forward to learning from them and also to sharing our knowledge," July Ndlovu, Thungela CEO.