Africa Coal Partners to acquire of 45.18% stake in Mbuyelo Coal Proprietary Limited

SOUTH AFRICA – Africa Coal Partners, a special purpose vehicle (SPV) set up and managed by global investment holding company Duet Group, will acquire a 45.18% stake in Mbuyelo Coal Proprietary Limited from Ichor Coal. The agreed purchase price was set at US$104mn with the transaction expected to close in Q1 2020, once regulatory requirements have been completed. Mbuyelo Coal is a South African coal producer supplying the national power utility Eskom. It operates three open-pit mines with a minimum monthly production of 600,000 tonnes per month, thus averaging 7.2…

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