foot in the door , page-8

Lots of things are happening in the south African coal market today. According to cza announcements they are very close to finalize the sale of their coal beneficiation plant south of Middelburg, also known as the Woestalleen Processing Plant, including a 207,000 tonnes per annum Quattro allocation at the Richard’s Bay Coal Terminal. The buyer in question is going to run the plant for third party coal beneficiation and processing of discard coal for the Eskom power station nearby. The very intersting issue about this outstanding asset sale is the fact that Whites mighty shareholder M&G is 2nd largest shareholder at cza.