Glencore trims stake in Shanduka Coal

Commodities marketer and producer Glencore International is no longer a controlling stakeholder in Shanduka Coal after completing the disposal of a one-fifth interest in the South African miner.

Commodities marketer and producer Glencore International is no longer a controlling stakeholder in Shanduka Coal after completing the disposal of a one-fifth interest in the South African miner.

Glencore has sold a 20% stake in Shanduka Coal to Shanduka Resources (a wholly owned subsidiary of South African black economic empowerment partner Shanuka Group) in exchange for a cash payment and the transfer by Shanduka Resources to Shanduka Coal of its 30% shareholding Kangra Coal.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.