Friday, April 16, 2010

India Snaps up Coal Assets

Indian conglomerate JSW appears to have outflanked rival bidders for control of suspended coal group SA Coal Mining Holdings (SACMH). An announcement released on Friday disclosed that JSW had struck a R85m agreement with various entities associated with the Royal Bafokeng Tribe and Strider Holdings, which are the major shareholders in SACMH.

SACMH is in essence a fully-fledged South African Coal producer delivering coal to Eskom and the export market through Richards Bay Coal Terminal.

Direct Link

Jet Airways first airline to fly direct between South Africa and India.

Growing Relations:
Indian makes biggest export to South Africa in 2009 - The Indian Premier League (link)