Covering around 3,258 hectares, the farms De Roodepoort 435 (excluding Portion 3), and Portion 3 of the farm De Roodepoort 435 are situated in Magisterial District, Ermelo.
Under the deal, the company will pay quarterly royalty on each ton of run-of-mine coal mined.
Centaur Group CEO Daniel McGowan said: "The recently completed acquisition of the prospecting rights is part of Centaur’s strategic plan for its mining division, with a specific focus on high quality export thermal coal.
"The acquisition further demonstrates Centaur’s selective expansion plans in the natural resources sector in South Africa."
De Roodepoort is said to have ‘in situ’ reserves of more than 54 million tons and a life of mine of over 25 years.
