ARM Coal was formed in July 2006 in partnership with global diversified mining group Xstrata Coal South Africa, who later merged to form Glencore. The joint venture includes an economic interest of 20.2% in certain Glencore Operations in South Africa, Participating Coal Business (PCB) and a 26% attributable beneficial interest in Goedgevonden (GGV).
|*||ARM Coal holds the following:|
|– Access to Glencore Operations South Africa’s interest and entitlement in the Richards Bay Coal Terminal (RBCT); and|
|– An export entitlement of 3.2 Mtpa in the Phase V expansion at the RBCT.|
|**||Participative Coal Business (PCB) refers to the Impunzi and Tweefontein operations.|