JOHANNESBURG (miningweekly.com) – The Competition Commission has approved the acquisition of the Inyanda colliery by a consortium comprising Burgh Group and Lurco Group from Exxaro.
Burgh and Lurco will continue to use the Inyanda plant, situated in the eMalahleni district in Mpumalanga, for coal beneficiation and foresees the production of more than 25-million tonnes of coal for the local and international export market over the next five years, which will add significantly to the country’s coal beneficiation infrastructure.
Exxaro CEO Mxolisi Mgojo noted that the company was “delighted to deliver Inyanda Colliery to its new owners”, adding that Inyanda was one of Exxaro’s flagship mines and would continue to generate immense value for the new shareholders.
Burgh Group CEO Quinton van der Burgh added that the acquisition of Inyanda’s assets, which includes the mining right, plant, Blackhill private rail siding and associated liabilities, was a critical building block of the organisation.
Burgh Group last month also partnered with energy group Vitol to buy a 7.6% stake in the Richards Bay Coal Terminal from Tegeta Resources.