Bloomberg News

Glencore Sells Coal Stake for 700 Million Rand, Shanduka Says

December 15, 2011

Dec. 13 (Bloomberg) -- Shanduka Group raised its stake in South Africa’s Shanduka Coal to 50.01 percent from 30 percent in a deal valued at about 700 million rand with Glencore International, Shanduka Group Chief Executive Phuti Malabie said.

Shanduka Group could start trading its shares on a stock exchange in the next five to seven years, Malabie said by mobile phone today.

To contact the editor responsible for this story: Carli Lourens at clourens@bloomberg.net


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