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Benicon sale for R36.8m unconditional, reports Sentula

6th February 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – The conditions precedent to the sale of Sentula Mining subsidiary Benicon Mining to Roan Coal have been fulfilled, now making the disposal of the opencast mining business unconditional.

The company said on Friday that the parties had agreed in writing to extend the date on which Roan made an initial payment of R5-million to February 6.

The balance of the R36.8-million purchase consideration was due by February 27.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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