Vitol Said to Agree to Buy South Africa Coal-Export Rights

  • Trader said to reach deal with Tegeta, part-owned by Guptas
  • Tegeta’s Optimum has right to ship from Richards Bay terminal

Vitol SA has reached an agreement with a company part-owned by the Gupta family, who are friends of South Africa’s President Jacob Zuma, for the right to export coal from the Richards Bay Coal Terminal, according to a person familiar with the transaction.

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