Commission approves NBC, ECM merger without conditions

The Competition Commission has approved the proposed transaction, whereby newly-incorporated company North Block Complex (NBC) intends to acquire Exxaro Coal Mpumalanga (ECM) in respect of its mining and processing business, the transferred business, without conditions. The transferred business, an opencast mine in Mpumalanga which produces thermal coal, will be bought by Universal Coal through NBC, its 49%-owned subsidiary, for about R172-million.