|
|
Article: BP to sell South Africa coal assets. (British Petroleum Company PLC, BP Southern Africa Proprietary Ltd.)
- Article from:
- PR Newswire
- Article date:
- November 22, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BP TO SELL SOUTH AFRICA COAL ASSETS
(The following was released by BP Southern Africa in
Johannesburg, Nov. 23.)
CLEVELAND, Nov. 22 /PRNewswire/ -- BP Southern Africa (Pty) Limited (BPSA) and Anglo American Coal Corporation Limited (Amcoal), have reached agreement for the Amcoal Group to acquire BPSA's 88.5 percent holding in the Middelburg Mine Joint Venture and certain related coal interests, which include a shareholding in Richards Bay Coal Terminal Company Limited. The sale is subject to certain conditions including a 60 day pre-emption right in favour of Douglas Colliery Limited, BPSA's partner in the Middelburg Mine.
In ...