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OPT - Optimum Coal - Eskom supply agreement update
Optimum Coal Holdings Limited
(Registration number: 2006/007799/06)
JSE share code: OPT
ISIN: ZAE000144663
("Optimum Coal")
OPTIMUM COAL - ESKOM SUPPLY AGREEMENT UPDATE
During April 2008 Eskom Holdings Limited ("Eskom") consented to the cession and
delegation of the Coal Supply Agreement between it and BHP Billiton Energy Coal
South Africa Limited to Optimum Coal Holdings Limited ("Optimum Coal"); and
simultaneously the terms of the Coal Supply Agreement were amended.
Optimum Coal and Eskom have referred the interpretation of aspects concerning
the Coal Supply Agreement, as amended, to arbitration. The arbitration is
scheduled for the week commencing 10 August 2010. Deliveries of coal by Optimum
Coal to Eskom in terms of the Coal Supply Agreement will, pending the outcome of
the arbitration, continue without interruption and/or amendment.
11 June 2010
Johannesburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/06/2010 14:00:02 Produced by the JSE SENS Department.
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