Mining Weekly
20 October 2010
JOHANNESBURG (miningweekly.com) – JSE-listed Vunani said on Wednesday that it had completed the acquisition of a 37,5% stak...
Read more... |
Coal Mining Company Black Wattle
20 October 2010
Vunani Completes Acquisition of Stake in Coal Mining Company Black Wattle 20 October 2010 Vunani Ltd said it boug...
Read more... |
BISICHI MINING - Statement re sale of 37.5% share of Black Wattle 20 October 2010
20 October 2010
Vunani Mining (Pty) Limited purchases 37.5% shareholding of Black Wattle Colliery (Pty) Limited
Bisichi Mining PLC ("Bisic...
Read more... |
Vunani takes 37.5% stake in Bisichi's Black Wattle Colliery 20 October 2010
20 October 2010
StockMarketWire.com - Vunani Mining has concluded the purchase of a 37.5% shareholding in Black Wattle Colliery (Pty) Ltd - B...
Read more... |
Vunani Mining Buys 37.5% Shareholding Of Black Wattle Colliery - Quick Facts
20 October 2010
(RTTNews) - Bisichi Mining PLC (BISI.L: News ) Wednesday said Vunani Mining (Pty) Ltd., a black owned and managed financ...
Read more... |
Constructive debate
19 March 2009
IF THERE'S A COMPANY that typifies adventurous empowerment investing that company has to be AltX-listed Vunani. In particular...
Read more... |
Topping up its basket
11 December 2008
THE LATEST exchange traded fund (ETF) launched by Absa Capital - in a joint venture with Vunani Capital - offers a focus on b...
Read more... |
The bump and the grind
11 September 2008
Looking at the latest interim results from empowered financial services and investment Group Vunani was like stepping back ei...
Read more... |
Growing Alt-X footprint
07 March 2008
It now seems to have been destined that two companies with deep roots in AltX, the JSE's junior board, should reach a R90,75m...
Read more... |
Talent scout finds value
14 December 2007
For a small investment firm, the Vunani group is rapidly making a name for itself.
Not only did it list on AltX, the ...
Read more... |
Vunani heading for JSE
09 November 2007
Johannesburg - Vunani Capital Holdings, which itself has been responsible for a number of listing on AltX, is to be floated o...
Read more... |
Against the grain
19 July 2007
Ethan Dube is very tactful when he explains who the driving force behind Vunani Capital Holdings is. Yet simplicity comes nat...
Read more... |
|
|
20 October 2010
Mining Weekly
JOHANNESBURG (miningweekly.com) – JSE-listed Vunani said on Wednesday that it had completed the acquisition of a 37,5% stake in Black Wattle Colliery from UK-based Bisichi Mining.
"We are very excited about this coal mining investment. It provides a platform from which to build both organically and by acquisition our interests in the coal-mining sector," Vunani CEO Ethan Dube commented in a statement.
London-listed Bisichi owns the balance of the mine.
Black Wattle, an opencast colliery near Middelburg, produces high-quality export steam coal, low phosphorous metallurgical coal, and Eskom coal with total sales of 1,40-million tons a year.
In terms of the transaction, Vunani Capital acquired 110 ordinary shares and 265 "A" ordinary shares in Black Wattle at par value, resulting in an effective shareholding of 37,5% in Black Wattle.
The "A" ordinary shares will rank pari passu with ordinary shares save for a restriction on the dividend right. "A" ordinary shareholders will be entitled to dividends once the agreed amount of dividends to ordinary shareholders have been distributed as specified in the agreement.
Go to article
|
|
