JSW Energy Limited has acquired additional 31.53% stake in South African Coal Mining Holding Ltd increasing its stake to 93.27%.

JSW Energy, through its wholly-owned stepdown subsidiary, went on to acquire Royal Bafokeng Venture Proprietary Ltd’s 50.20% stake in Royal Bafokeng Capital (RBC).

Last year, JSW Energy acquired a 49.8% stake in Royal Bafokeng Capital (Proprietary) Ltd that owns shares in South African Coal Mining Holdings Ltd from Strider Holdings (Proprietary) Ltd.

Royal Bafokeng Capital and Mainsail Trading collectively hold a majority stake in South African Coal. JSW Energy had the option of buying the remaining 50.2% from Royal Bafokeng Ventures Proprietary Ltd. and the entire shareholding in Mainsail Trading 55 (Proprietary) Ltd, from RBH Resources Holding (Proprietary) Ltd.

SACMH has stakes in two coal mines including Ilanga in the Witbank Coal Field, about 200 km east of Johannesburg and Umlabu Colliery in Mpumalanga. The Witbank Coal Field, which has been in operation since 1996, is close to the end of its mine life while Umlabu Colliery, an opencast and close pit mine, has a mine life of another 19 years.

(Sourced from India Infoline)