Project Halo, a South African group that bid R3.05-billion for Tegeta Exploration & Resources’ coal assets after it was placed under administration, said it expects the deal to go ahead and it’s unaware other offers will be entertained. “As things stand today we are the preferred bidder,” Project Halo director Paul Buckley told an IHS Markit coal conference in Cape Town on Thursday. “We haven’t been notified that the process has been reopened.”
