Scinta buys South32’s Davel right for R187m

Local coal miner Scinta South Africa will buy diversified miner South32’s 400-million-tonne Davel mining right, in Mpumalanga, for R187-million. As part of the transaction, Scinta has also acquired the Ermelo Mines’ infrastructure, railway loop and discard dump. Certain historical liabilities related to the assets being acquired, have been assumed by Scinta as part of the agreed purchase price.