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.
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