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

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.