RES takeover target, page-7

Hi guys, the South 32 assets are the old Ingwe assets, mainly in the Witbank Middelburg area, thermal coal mines for both Eskom and export. They do have a couple of prospecting rights in the Waterberg near to RES but they have been trying to off load these for years, which just about tells you everything about their worth.

Mick Davies of X2 rumoured to be eyeing South 32 to kick start his re-incarnation into thermal coal.

Must admit climbing export price looks promising.