South African coal miner MC Mining has actually become part of an arrangement with Hong Kong-listed coal mining and trading team Kinetic Growth Team (KDG), which will certainly get a 51% passion in MC Mining for around $90-million, payable in 2 tranches. KDG will certainly subscribe for a first 13.04% passion in ASX-, JSE- and LSE-listed MC Mining for around $12.97-million, suggesting a cost per share of concerning $0.21, A$ 0.31 and R3.72, by b 17:00 Hong Kong time on September 4.
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