S. African agency backs Seriti’s purchase of South32 unit

摘要

South Africa’s Competition Commission has ofered its support to Seriti Resources’ acquisition of South32’s South Africa Energy Coal unit (SAEC), saying the transaction would unlikely have a significant impact on the price of coal for state power utility Eskom. The Commission recommended that the country’s Competition Tribunal approve the deal with a few conditions that include the divestment of an undeveloped SAEC coal mining project to junior miners. No further details on that condition where provided in the notice dated 6 September.