Xstrata completes sale of Mpumalanga coal assets

Australian coal producer Xstrata has announced that it has completed the sale of its Spitzkop and Tselentis collieries and supporting coal assets, located in Mpumalanga, South Africa, to the Imbawula Group (Imbawula) for an undisclosed amount.
 
Accordingly, Imbawula has acquired the Spitzkop and Tselentis opencast and underground mining operations, all supporting infrastructure, including land, movable assets, buildings and coal beneficiation plants. In addition, Imbawula Mining has acquired prospecting and mining rights in the area which support the long-term operation of this business.
 
Murray Houston, chief operating officer of Xstrata Coal South Africa, commented, "I am pleased that we are transferring ownership of these two collieries to a growing coal producer."