Thungela Resources to acquire the remaining 15% stake in Ensham coal mine in Australia from Idemitsu Kosan for $30m.

Synopsis

Thungela Resources a producer and exporter of high quality, low-cost thermal coal in South Africa, agreed to acquire the remaining 15% stake in Ensham coal mine in Australia from Idemitsu Kosan, a petroleum company, for $30m.

Principals

target

Idemitsu (ensham Business)

bidder

Thungela Resources

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Market Context