Menar Holding To Acquire Of Kangra Coal

Fast-growing mining investment company Menar Holding, announced at the Madrid Stock Exchange on 27 June, 2018 that they have entered into an agreement to buy a majority stake in Kangra Coal, which aside from owning assets in Mpumalanga and KwaZulu- Natal, Kangra Coal also  owns a 2.3% stake in Richards Bay Coal Terminal(RBCT). The news release states that the value of the deal is US$28m. The purchase of 70% stake from Madrid-listed energy giant Gas Natural Fenosa (GNF), which trades a

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