Optimum Coal seeks $216 millionn in South Africa listing

- March 11th, 2010

On Thusrday, South Africa’s Optimum Coal Holdings Ltd, a majority black-owned coal mining and exploration company, reported that the company will list on the JSE on March 29 seeking to raise 1.6 billion rand ($215.6 million).

On Thusrday, South Africa’s Optimum Coal Holdings Ltd, a majority black-owned coal mining and exploration company, reported that the company will list on the JSE on March 29 seeking to raise 1.6 billion rand ($215.6 million).

The press release is quoted as saying:

Optimum Holdings, a producer of thermal coal, said it planned to use the cash to repay debt incurred after it bought a majority stake in the Koornfontein Mines from Sentula Mining (SNUJ.J), and to fund more acquisitions.

Click here to access the entire press release

Click here to access Optimum Coal Holdings Ltd Corporate Site

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