BHP Billiton have placed an advert. in India's " Economic Times " inviting initial bids for the undeveloped coal prospecting rights of its wholly owned unit in South Africa .
They have specifically invited coal exploration, mining and development companies to apply to take part in the tender process for the sale of its entire interest and prospecting rights at Hartogshof, T-Project, Davel , Pegasus, Newcastle, Ermelo and Remhoogte .
Given the closeness between the two companies it would seem logical for CCC to toss its hat in the ring to expand its interests in South Africa , for little cost .
Any thoughts ?
CCC Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held