Coal Investing News » Optimum Coal seeks $216 millionn in South Africa listing

Optimum Coal seeks $216 millionn in South Africa listing

March 11, 2010 @ 7:57 pm In Coal Company News

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 ^[1]

Click here to access Optimum Coal Holdings Ltd Corporate Site ^[2]

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URL to article: http://coalinvestingnews.com/1215/optimum-coal-seeks-216-millionn-in-south-africa-listing/

URLs in this post:

[1] Click here to access the entire press release: http://www.reuters.com/article/basicMaterialsSector/idUSLDE62A0OT20100311

[2] Click here to access Optimum Coal Holdings Ltd Corporate Site: http://www.optimumcoal.com/