Optimum Coal Buys Prospecting Rights from BHP

Reuters Africa reported that Optimum Coal (JNB:OPT) is growing its portfolio with the purchase of two prospecting rights from BHP Billiton (NYSE:BHP).

The market news is quoted as saying:

The company said a planned Remhoogte mine is expected to produce 2.5 million tonnes of export coal per year and an estimated 400,000 tonnes of middlings product well suitable to supply power utility Eskom’s nearby Camden and Majuba power stations.

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