SAH - South African Coal Mining Holdings Limited - Strategic partnership with
South African Coal Mining Holdings Limited
Registration number 1994/009012/06
Share code: SAH
ISIN code: ZAE000102034
("SACMH" or "the company")
Strategic Partnership with Fraser Alexander
Shareholders are advised that SACMH has today signed a Heads of Agreement with
Fraser Alexander (Pty) Limited relating to a strategic partnership.
Fraser Alexander, effectively 100% owned by Royal Bafokeng Holdings (Pty)
Limited, provides bulk materials handling, construction and tailings management
services across a number of industries.
In terms of this Heads of Agreement, Fraser Alexander will be SACMH`s strategic
services partner, providing materials handling and beneficiation services to
SACMH through its "Bulk Mech" division. The strategic partnership will pertain
to both current SACMH operations and future coal mining opportunities.
Fraser Alexander will enter into a new contract to supply various services to
SACMH for the expansion of the existing mines and new mining and logistics
projects. The terms of the material handling and beneficiating contract will be
the same or more favourable than the existing contract that SACMH has with
Mkhulu Resources (Pty) Limited
A key requirement of this strategic partnership is that both parties
consistently embrace sustainable operations in relation to prioritising safety,
environmental responsibility, regional community upliftment and skills
Karl Gribnitz, CEO of SACMH said:
"We are confident that this strategic partnership with a leading materials
handling and beneficiation services provider will give us the conversion
capacity to aggressively pursue growth opportunities in the coal mining
15 November 2007
Date: 15/11/2007 08:25:01 Supplied by www.sharenet.co.za
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