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Optimum Coal Says It Received Bids After Reports Glencore Weighing Offer
Aug. 26, 2011 10:04AM PST
Industrial MetalsBloomberg reported that Optimum Coal (JNB:OPT) has received expressions of interest from companies interested in purchasing a controlling stake in the company.
Bloomberg reported that Optimum Coal (JNB:OPT) has received expressions of interest from companies interested in purchasing a controlling stake in the company.
The market news is quoted as saying:
Optimum operates South Africa’s third-largest opencast mine, bought from BHP Billiton Ltd. in June 2008, and has an allocation to ship 8.44 million metric tons of coal a year through the Richards Bay export terminal.
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