Elitheni Coal (Pty) Ltd
A unique opportunity exists to purchase a controlling 74% share-holding and the assets of Elitheni Coal (Pty) Limited (“The Company”) from Quantuma LLP.
The Company located in the Macubeni-Gubahoek area of the Eastern Cape Province, South Africa specialises in the mining and export distribution of coal utilising developed road and rail logistics network from Indwe to the port of East London.
Interested parties are requested to specifically deal and formally register their interest with Paul Craig at SIA Group (Pty) Ltd, who are acting as agents on behalf of the seller Quantuma LLP and the proposed Business Rescue practitoners, Hans Klopper and Tony Flynn of Independent Advisory (Stellenbosch).
Assets for Sale
- 74% shareholding
- Rights to Property
- Prospecting & Mining rights
- Water User License
- Machinery & Business Assets (Washing Plant – R20m)
- Site Infrastructure including weighbridge, stores etc.
- All intellectual property rights
- Tax losses – cR100m