Vitol said to mull Guptas’ stake in South African coal terminal

September 2, 2016

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Swiss commodities trader Vitol Group is interested in buying a stake in South Africa’s Richards Bay Coal Terminal from a company controlled by the Gupta family, according to a person with knowledge of the matter. Buying the stake in Africa’s biggest coal export facility from Optimum Coal Holdings would give Geneva-based Vitol rights to ship eight-million metric tons of the fuel annually.

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