Ndalamo Resources (Pty) Ltd has 51.1% and TerraCom Ltd. through its subsidiary has 48.9% of Ubuntu Colliery.
Although the TerraCom Ltd owns less than 50% of UCDIII, management has determined that the Group controls the entity because UCEHSA manages and directly controls the entity by virtue of an operating and management agreement and has the current ability to direct the entities activities.
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