South African Coal Mining Holdings was listed on the JSE on 20 August 2007.
This followed extensive negotiations to buy two operating mines, namely Umlabu in Breyten and Ilanga in Middleburg.
South African Coal Mining Holdings is effectively a Broad-Based Black Economic Empowered company (BBBEE), as a result of the Royal Bafokeng Nation’s constitution. The listing of SACMH also saw the Royal Bafokeng Nation making their first coal resource based investment, and have set out a strategic growth path for the company, envisaging maintaining its controlling shareholder status.
SACMH is in essence a fully-fledged South African Coal producer delivering coal to Eskom and the export market through Richards Bay Coal Terminal |
