News
29 August 2024

KDG to acquire majority interest in MC Mining for $90m

In:
Metals and Mining
Region:
Middle East & Africa

South African coal miner MC Mining has entered into an agreement with Hong Kong-listed coal mining and trading group Kinetic Development Group, which will acquire a 51% interest in MC Mining for about $90 million, payable in two tranches.KDG will subscribe for an initial 13.04% interest in ASX-,...

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