'Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo

Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga. On February 22, Exxaro signed a transfer agreement with the Arnot OpCo consortium, whose shareholders are former employees of Arnot and coal mining company Wescoal.