08:51:45
Keaton raise debt to fund coal project for Eskom
KEH
Posted Thu, 02 Sep 2010
Keaton raise debt to fund coal project for Eskom
KEH
Posted Thu, 02 Sep 2010
Business Day highlighted that Keaton Energy plans to raise up to R200 million in debt to fund a 200 000 tons a month coal project to supply Eskom with coal. Keaton is one of the beneficiaries of Eskom's decision to buy 20 million tons of coal a year up to 2018, outside of longstanding contracts with regular suppliers. CEO Paul Miller indicated that the project ticks all boxes and Keaton has been sounding out major financiers.
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