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Sentula sells Schoongezicht right for R22m

25th June 2013

  

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JOHANNESBURG (miningweekly.com) – JSE-listed Sentula said on Monday it would sell the Schoongezicht coal prospecting right, near Delmas, in Mpumalanga.

Miniandante Proprietary would pay R22-million for the prospecting right, which Sentula said would entitle it to search for coal in, on and under the prospecting right area, being mineral area one and two on portion seven and the remaining extent of the farm Schoongezicht 225 IR.

The transaction also includes official legal and geological documents relating to the Schoongezicht prospecting right and the area.

Sentula said the disposal of Schoongezicht was in line with its strategy of monetising the investments in its coal assets.

Edited by Creamer Media Reporter

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