COAL
Australian coal explorer and developer Acacia Coal has signed an agreement with the vendors of Coalvent to acquire a 74% interest in the Riversdale anthracite colliery, in South Africa. In terms of the transaction, Coalvent will acquire the project, near Vryheid in KwaZulu-Natal, from mining major Rio Tinto and will vend it into Acacia, giving the ASX-listed junior a 74% interest in the project. The remaining 26% will be held by incoming black economic empowerment partner African Onca.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access